Stay on top of your finances, start your Self Assessment today

HMRC encouraged tax payers to start their Self Assessment with 31st January deadline approaching. One in five people put off their financial admin because of lack of confidence. An HMRC survey revealed the majority of respondents turned to GOV.UK to better understand tax matters. Taxpayers encouraged to start their Self Assessment tax return now as 31st January … Continue reading Stay on top of your finances, start your Self Assessment today →

New Cryptoasset reporting rules – Jan 2026

From 1st January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HMRC. Failing to provide accurate info could mean a penalty, additional fines, and account restrictions. ❌ This is because the UK is introducing the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework … Continue reading New Cryptoasset reporting rules – Jan 2026 →

Investigation into $28 million crypto scheme

The Serious Fraud Office (SFO) launches first major cryptocurrency investigation into suspected fraud. The Serious Fraud Office (SFO) (20th November 2025) have issued an appeal for investors to come forward with any information they hold about the collapse of a $28 million cryptocurrency scheme called Basis Markets. The SFO launched an investigation into the suspected fraudulent scheme with two raids in West Yorkshire … Continue reading Investigation into $28 million crypto scheme →

Side hustlers urged to get tax returns sorted now

Side hustlers urged to get tax returns sorted now If you earn more than £1,000 from additional income, you may need to register for Self Assessment Filing now means you will know your tax situation sooner and can spread payments over time HMRC's digital services make filing quick and easy Anyone earning extra income through … Continue reading Side hustlers urged to get tax returns sorted now →

Crypto bros being forced to pay fair share of tax

New rules are to unmask anyone evading tax due on their crypto profits UK crypto holders must provide personal details to crypto service providers from January 2026 or face penalties of up to £300 This is to align with government’s Plan for Change to ensure everyone pays their fair share of tax to fund vital … Continue reading Crypto bros being forced to pay fair share of tax →

Dedicated crypto specialist to help recover online assets

New crypto specialist will help the insolvency agency trace rising number of digital assets held by individuals in bankruptcy and criminal cases Number of insolvencies where crypto is identified as an asset has increased 420% in five years More than £500,000 in cryptoassets identified in insolvency cases last year – 364 times higher than in … Continue reading Dedicated crypto specialist to help recover online assets →

Taxing Cryptoassets

Find out how Income Tax and National Insurance contributions apply when you receive cryptoassets (like cryptocurrency or bitcoin). HM Revenue and Customs (HMRC) have updated its information on the taxation of cryptoassets. Check if you need to pay tax when you receive cryptoassets HMRC are reminding that any cryptoasset exchange tokens received from employment, or from … Continue reading Taxing Cryptoassets →

Owners of Bitcoin and other digital assets to benefit from greater legal protection

Bitcoin and other digital assets can be considered personal property under new draft law introduced in Parliament 11th September 2024 Owners to benefit from increased legal protection Changes will keep English and Welsh law at the forefront of the global tech industry The Property (Digital Assets etc) Bill, introduced in Parliament will mean that for … Continue reading Owners of Bitcoin and other digital assets to benefit from greater legal protection →

Crypto Asset tax return requirements

With use of cryptoassets growing, HM Revenue and Customs (HMRC) is urging people to avoid potential penalties and check if they need to complete a Self Assessment tax return for the 2022 to 2023 tax year. Anyone with cryptoassets should declare any income or gains above the tax-free allowance on a tax return. Tax may … Continue reading Crypto Asset tax return requirements →