You may have received a letter from HMRC asking you to tell it about your income. These are know as ‘nudge letters’ and are a vital tool of HMRC in combating tax evasion. Don’t panic if you receive one and certainly don’t ignore it but you should seek professional tax advice as soon as possible.
HMRC tends to run a ‘campaign’. It’s current campaign concerns income from the breeding or sale of animals and we are aware that a number of casual dog breeders in the North Wales area have received a letter. More than 3,000 letters have been sent out. Often things are not as bad as they seem. We are experienced in helping clients navigate these complex matters to achieve the best possible outcomes. HMRC’s disclosure facility offers taxpayers the opportunity to do just that and take advantage of favourable terms.
