International audienceWe provide a comprehensive presentation of the Hierarchical Reference Theory (HRT) in the smooth cut-off formulation. A simple and self-consistent derivation of the hierarchy of differential equations is supplemented by a comparison with the known sharp cut-off HRT. Then, the theory is applied to a hard core Yukawa fluid (HCYF): a closure, based on a mean spherical approximation ansatz, is studied in detail and its intriguing relationship to the self consistent Ornstein-Zernike approximation (SCOZA) is discussed. The asymptotic properties, close to the critical point are investigated and compared to the renormalization group results both above and below the critical temperature. The HRT free energy is always a convex f...