CryptoPolicy

UK Tax Authority Intensifies Crypto Capital Gains Enforcement Campaign

The UK tax authority has significantly escalated its pursuit of unpaid taxes on cryptocurrency gains, according to recently released data. HMRC reportedly sent 65,000 warning letters to crypto investors in the 2024-25 tax year, more than doubling the previous year’s enforcement activity as regulatory scrutiny intensifies.

HMRC Ramps Up Crypto Tax Compliance Efforts

The UK tax authority has dramatically intensified its campaign to recover unpaid taxes on cryptocurrency investments, according to reports. HM Revenue and Customs reportedly sent 65,000 warning letters to individuals suspected of owing capital gains tax on their digital asset holdings during the 2024-25 tax year, more than double the 27,700 letters sent the previous year.

BusinessFinance

Major UK Asset Managers Royal London and M&G Expand Into European Active ETF Arena

Royal London Asset Management and M&G are reportedly preparing to enter Europe’s rapidly expanding active ETF market. The move comes as assets in European active ETFs have grown nearly sevenfold since 2019, according to recent analysis.

UK Fund Giants Enter Active ETF Space

Two of the United Kingdom’s largest asset management firms, Royal London Asset Management and M&G, are reportedly planning significant entries into Europe’s active exchange-traded fund market, according to recent reports. Sources indicate this strategic shift comes as the sector experiences explosive growth while traditional mutual funds face increasing fee pressure from investors.