Tag: Deputy Prime Minister of the United Kingdom

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.

by Darren Holt
EnvironmentPolicy

Mississippi Community Files Lawsuit Against UK Energy Firm Over Biomass Plant Pollution Permit

A predominantly Black, low-income community in Mississippi is taking legal action against a UK-owned biomass company following regulatory approval for expanded emissions. Residents report ongoing health issues and environmental concerns linked to the wood pellet production facility that exports fuel to England.

Legal Challenge Against Biomass Plant Emissions

Residents of Mississippi have filed a lawsuit against Drax Biomass after state regulators granted the company permission to become a “major source” of hazardous air pollution, according to reports. The legal action comes from the 900-person town of Gloster, where community members allege they’ve suffered serious health consequences from the facility’s operations.

by Natalie Brooks