Animal breeders in HMRC’s sight

Animal breeders are the target of HMRC’s latest one-to-many campaign. The department is writing to people it believes may have failed to pay tax on income from the breeding or sale of animals including dogs and cats.

The letter states that if the person has income to declare for a previous tax year they should tell HMRC using the voluntary disclosure online service. This should be done within 30 days of the date of the letter. Once they have started the process they will have 90 days to complete the disclosure and pay any tax due. 

The letter also reminds recipients that they should register for self assessment if the gross income from their trade continues to exceed £1 000. This means that they will have to complete a tax return. 

HMRC may check the person’s tax affairs if they...