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HM Revenue and Customs

HMRC is the UK government department that collects taxes and customs duties and enforces tax compliance, including on crypto gains.

Known aliases

  • HMRC
  • HM Revenue and Customs
  • HM Revenue & Customs
  • UK tax authority

Current stories

leadershipConfirmed3 publishers

Healey reportedly plans to make online marketplaces such as Amazon and eBay collect VAT from sellers above £90,000

Chancellor John Healey is reportedly set to make online marketplaces collect VAT at source for sellers turning over more than £90,000, the Times reported. The Treasury has not confirmed it. Amazon puts the yield, earmarked for business rates cuts, at about £700m against the £1bn reported.

Perspective Coverage

3 publishers
Builder
Builder 5%
Operator
Operator 42%
Investor
Investor 53%

Reality

Evidence35
Adoption
Insufficient
Hype gap+20
Incentives55
Confidence45
leadershipConfirmed4 publishers

Badenoch pledges to exempt family homes from inheritance tax if the Conservatives win

Kemi Badenoch says a Conservative government would end inheritance tax on family homes and let couples leave an extra £1m tax-free. For owner-operators planning succession, it stays an opposition promise until the party wins power and passes it into law.

Perspective Coverage

4 publishers
Builder
Builder 10%
Operator
Operator 44%
Investor
Investor 46%

Reality

Evidence70
Adoption
Insufficient
Hype gap+25
Incentives78
Confidence66
investOne report1 publisher

BasedApp's leak of passports tied to wallets bolsters the case against HMRC's crypto record demands

BasedApp said a breach exposed passport numbers and home addresses linked to customer wallets, without saying how many of its 100,000-plus users were hit. The leak gives Recap a live example in its fight against HMRC's draft power to demand crypto records without tribunal approval.

Reality

Evidence42
Adoption
Insufficient
Hype gap+28
Incentives55
Confidence45
leadershipOne report1 publisher

Supreme Court refusal leaves Bolt with an estimated £190m UK VAT bill

Bolt faces an estimated £190m in unpaid UK VAT after the Supreme Court refused to hear its appeal over the tour operators' margin scheme. Uber's £1bn dispute over the same scheme had been waiting on Bolt's case, so the refusal reaches past one company's bill.

Publishers:cityam.com

Reality

Evidence58
Adoption
Insufficient
Hype gap+12
Incentives62
Confidence60
investConfirmed3 publishers

240 filers booked half of Britain's £1.38bn of declared crypto gains

The first year with a crypto box on the Self Assessment return shows a base narrow enough to fit in one room. That changes both what a rate rise would collect and what the 2027 exchange data feed is worth chasing.

Perspective Coverage

3 publishers
Builder
Builder 18%
Operator
Operator 37%
Investor
Investor 45%

Reality

Evidence78
Adoption58
Hype gap+14
Incentives66
Confidence71