Skip to content

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

leadershipOne report1 publisher

UK agri-food exports to the EU are down more than a third on 2019, NFU analysis of HMRC data shows

The National Farmers' Union says its analysis of HMRC data shows UK agri-food exports to the EU are down more than a third since 2019. Every figure is set against 2019, so the data shows the size of the gap and leaves its recent direction open.

Publishers:theguardian.com

Reality

Evidence55
Adoption
Not scored
Hype gap+20
Incentives60
Confidence58
leadershipOne report1 publisher

HMRC repaid £188m to pension savers after taxing one-off withdrawals as monthly income

HMRC made 54,166 pension withdrawal repayments worth about £188m in 2025/26, City AM's Freedom of Information request found. Savers had to file a claim form to get the money back, so the total reflects who asked as well as who was overtaxed.

Publishers:cityam.com

Reality

Evidence58
Adoption
Not scored
Hype gap+10
Incentives
Not scored
Confidence60
investOne report1 publisher

UK taxpayers filed 17,300 more P85 departure forms in 2025/26 than a year earlier

Taxpayers filed a record 69,300 P85 forms to leave the UK in 2025/26, up 32% from 52,000, according to UHY Hacker Young. The reported figures do not split filers by occupation or income, and the one adviser Fortune quotes puts the exits down to lifestyle.

Publishers:fortune.com

Reality

Evidence40
Adoption
Not scored
Hype gap+30
Incentives
Not scored
Confidence45
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
Not scored
Hype gap+20
Incentives55
Confidence45
leadershipOne report1 publisher

TUC prices the 2023 bank surcharge cut at £6bn ahead of Healey's budget

The TUC says cutting the bank surcharge from 8% to 3% in 2023 cost the UK £6bn over three years. It wants a higher rate at the 28 October budget, so bank finance teams have a scenario to price while the Treasury has not stated its intentions.

Publishers:theguardian.com

Reality

Evidence40
Adoption
Not scored
Hype gap+30
Incentives75
Confidence40
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
Not scored
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
Not scored
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
Not scored
Hype gap+12
Incentives62
Confidence60
leadershipOne report1 publisher

Triyoga's collapse leaves about 100 freelance teachers unpaid for their final weeks

Common Bond, owner of London studio Triyoga, suspended trading on 24 September with about 100 freelance teachers unpaid for their final weeks of classes. Their union's chair expects none of them to be paid, and the union is pursuing a test case for Uber-style worker rights.

Publishers:theguardian.com

Reality

Evidence55
Adoption
Not scored
Hype gap0
Incentives45
Confidence55
buildOne report1 publisher

A five-column CSV per institution collapses 107 official rate publishers into one dataset

The AllRates dataset on Hugging Face holds 14.6 million rows in each publisher's own direction and label, so the collecting is finished while the inversion, rounding and missing-day rules stay in your code.

Publishers:dev.to

Reality

Evidence45
Adoption
Not scored
Hype gap+12
Incentives72
Confidence50
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
investOne report1 publisher

81,000 nudge letters now, matched records in 2027: crypto's privacy premium is being repriced

HMRC's crypto warning letters are up 25% to 81,000 and still largely guesswork. From 2027, CARF replaces the guessing with matched account data, and waiting stops being cheap.

Reality

Evidence54
Adoption46
Hype gap+22
Incentives71
Confidence57
investOne report1 publisher

Hargreaves Lansdown, UK's biggest D2C investment platform, opens Bitcoin ETN access at 0.35% a year

The platform holding 33.6% of direct-to-consumer assets is charging 0.35%, capped at £12.50 a month, to hold notes that HMRC has confined since 6 April to an ISA fewer than 150,000 savers appear to use.

Reality

Evidence38
Adoption30
Hype gap+18
Incentives66
Confidence45
buildOne report1 publisher

Mutation testing pinned the rounding logic, but a separate 3p VAT bug slipped past 202 green tests

A .NET invoicing library built with Claude Code came with property tests, hand-calculated golden scenarios and green CI on three operating systems, all of it blind to the half-penny inputs where half-up and banker's rounding diverge.

Publishers:dev.to

Reality

Evidence48
Adoption10
Hype gap+12
Incentives28
Confidence55
securityOne report1 publisher

Orphan-free quote references place the Love Electric sample inside a production database

A forum seller wants $600 for what they say are 877,000 EV salary sacrifice driver records, and the 999-row sample published as proof holds up under structural testing in ways a fabricated file usually does not.

Reality

Evidence58
Adoption22
Hype gap+20
Incentives62
Confidence55