Her Majesty’s Revenue & Customs
From ACT Wiki
(UK) HMRC was established by Act of Parliament in 2005 as a non-ministerial Department established by the Commissioners for Revenue and Customs Act (CRCA) 2005, replacing the Inland Revenue and Customs and Excise.
Policy maintenance and implementation
- are responsible for safeguarding the flow of money to the Exchequer through our collection, compliance and enforcement activities
- make sure that money is available to fund the UK’s public services
- administer Statutory Payments such as statutory sick pay and statutory maternity pay
- help families and individuals with targeted financial support through payment of tax credits
- administer Child Benefit
- are a high volume business; almost every UK individual and business is a direct customer of HMRC
- aim to administer the tax system in the most simple, customer focused and efficient way
- administer the Government Banking Service
Responsibilities
- Income tax, Corporation tax, Capital gains tax, Inheritance tax, Insurance premium tax, Stamp, land and petroleum revenue taxes
- Environmental taxes
- climate change and aggregates levy and landfill tax
- Value added tax (VAT)
- Excise duties
- National insurance
- Tax credits
- Child benefit
- Enforcement of the National minimum wage
- Eecovery of student loan repayments
External links
About HMRC www.gov.uk
