Her Majesty’s Revenue & Customs: Difference between revisions

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imported>Doug Williamson
(Explain merging of formerly separate branches & make singular.)
imported>Doug Williamson
(Update for Charles III.)
 
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''UK tax.''
''UK tax''.


(HMRC).
(HMRC).


Her Majesty's Revenuce and Customs was established by Act of Parliament in 2005 as a non-ministerial merged Department established by the Commissioners for Revenue and Customs Act (CRCA) 2005, replacing the formerly separate Inland Revenue and Customs and Excise.
The former name of His Majesty's Revenue and Customs.
 
 
===Policy maintenance and implementation===
*Responsible for safeguarding the flow of money to the Exchequer through collection, compliance and enforcement activities
*Makes sure that money is available to fund the UK’s public services
*Administers Statutory Payments such as statutory sick pay and statutory maternity pay
*Helps families and individuals with targeted financial support through payment of tax credits
*Administers Child Benefit
*HMRC is a high volume business; almost every UK individual and business is a direct customer of HMRC
*Aims to administer the tax system in the most simple, customer focused and efficient way
*Administers 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
*Recovery of student loan repayments




== See also ==
== See also ==
* [[Direct tax]]
* [[His Majesty's Revenue & Customs]] (HMRC)
* [[Exempt approved status]]
* [[Income Tax]]
* [[Inland Revenue]]
* [[Inland Revenue]]
* [[Internal Revenue Service]]
* [[Internal Revenue Service]]
* [[MCT]]
* [[National Insurance]]
* [[Public Accounts Committee]]
* [[Tax ]]
* [[Tax avoidance]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax evasion]]
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==Other links==
== External link ==
[https://www.gov.uk/government/organisations/hm-revenue-customs/about About HMRC]
[https://www.gov.uk/government/organisations/hm-revenue-customs/about About us - HMRC]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 15:51, 28 September 2022

UK tax.

(HMRC).

The former name of His Majesty's Revenue and Customs.


See also


External link

About us - HMRC

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