What’s changed? From 1 January, people who use cryptocurrency in the UK must now share their personal details with crypto platforms, and those platforms must automatically pass information to HM Revenue & Customs (HMRC). This applies whether you use crypto a...
Taxation
HMRC’s Latest Powers: What Taxpayers and Advisers Need to Know
Recent headlines have suggested that HM Revenue and Customs (HMRC) is being given new authority to recover unpaid tax directly from taxpayers’ money. Understandably, this has sparked concern among individuals and businesses alike about the expanding reach of the tax...
Technical Appendix – Inheritance Tax and Farming Assets
This appendix provides a more detailed overview of how inheritance tax applies to farming assets under the revised proposals, and the points that farming families should be considering now. 1. Key Reliefs Explained Agricultural Property Relief (APR) APR can reduce the...
Labour’s Recent U-Turn on Inheritance Tax for Farmers – What It Means in Practice
In recent days, the UK government has made a significant change to its proposed inheritance tax (IHT) treatment of agricultural assets. Following strong opposition from farmers and rural stakeholders, the Labour government has softened its original position, resulting...
HMRC Is Watching Crypto and Digital Assets — What You Need to Know for Self Assessment
If you hold cryptoassets, electronic money products, or other digital currencies, HMRC is increasing its scrutiny, and this could affect your Self Assessment tax return. Even casual investors or individuals who use digital assets occasionally need to be aware of these...
Tax Refunds
You or your employees may have recently received a letter or text from HMRC stating that a tax refund is due. Please note that refunds are no longer issued automatically—you must take action to receive your money. The fastest and easiest way to check or claim your...
Summary of HMRC updates for Tax Intermediaries
1. Raising Standards for Tax Advisers From May 2026, all tax advisers interacting with HMRC on behalf of clients must register and meet minimum standards. HMRC will have enhanced powers (via Finance Bill 2025–26) to act against advisers who deliberately enable...

