Crypto asset market capitalisation currently at $900bn.
Tax experts set up crypto working group
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Personal Tax
Inheritance tax receipts up by £0.3bn
Total payment of £2.4bn paid on inheritance tax.
HMRC late payment interest rises this month
The decision follows Bank of England’s base rate increase.
Number of non-dom taxpayers drops, says HMRC
Tax contributions still surpassed £7 billion.
HMRC late payment rates to be revised
Changes will reflect the rise in interest rates
HMRC reminds couples to claim marriage allowance
Eligible couples can transfer over £1,000 to their partner.
HMRC aims to collect more data for tax returns
Taxpayers may need to disclose working hours and job titles.
HMRC issues £1.87m in fines for tax mistakes
The number of penalties went up by 80%.
Crypto owners not fully aware of tax liabilities
More than half of investors are unsure of CGT rules.
35% increase in higher rate taxpayers since 2019
1.8 million extra taxpayers pay higher rates of income tax.
Tax gap remains steady at 5.1%
Findings reflect taxes being paid correctly.
HMRC targets rogue tax refund agents
A 12 week consultation has launched to look at protective measures.
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