Her Majesty’s Revenue & Customs: Difference between revisions

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(Link with OTS page.)
imported>Doug Williamson
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===Policy maintenance and implementation===
===Policy maintenance and implementation===
*Responsible for safeguarding the flow of money to the Exchequer through collection, compliance and enforcement activities
*Responsible for safeguarding the flow of money to the UK Exchequer through collection, compliance and enforcement activities
*Makes sure that money is available to fund the UK’s public services
*Makes sure that money is available to fund the UK’s public services
* Facilitates legitimate international trade, protects the UK’s fiscal, economic, social and physical security before and at the border, and collects UK trade statistics
* Facilitates legitimate international trade, protects the UK’s fiscal, economic, social and physical security before and at the border, and collects UK trade statistics
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*HMRC is a high volume business; almost every UK individual and business is a direct customer of HMRC
*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
*Aims to administer the tax system in the most simple, customer focused and efficient way
*Administers the Government Banking Service
*Administers the UK's Government Banking Service




===Responsibilities===
===Responsibilities===
*[[Income Tax]], [[Corporation Tax]], [[Capital Gains Tax]], [[Inheritance tax]], Insurance premium tax, Stamp, Land and Petroleum Revenue Taxes
*UK [[Income Tax]], [[Corporation Tax]], [[Capital Gains Tax]], [[Inheritance tax]], Insurance premium tax, Stamp, Land and Petroleum Revenue Taxes
*Environmental taxes
*Environmental taxes
*Climate change and aggregates levy and landfill tax
*Climate change and aggregates levy and landfill tax
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*Tax Credits
*Tax Credits
*Child Benefit
*Child Benefit
*Enforcement of the National Minimum Wage and National Living Wage
*Enforcement of the UK's National Minimum Wage and National Living Wage
*Recovery of student loan repayments
*Recovery of student loan repayments



Revision as of 13:22, 22 November 2017

UK tax

(HMRC).


Her Majesty's Revenue and Customs was established in the UK 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 UK Inland Revenue and Customs and Excise.



Policy maintenance and implementation

  • Responsible for safeguarding the flow of money to the UK Exchequer through collection, compliance and enforcement activities
  • Makes sure that money is available to fund the UK’s public services
  • Facilitates legitimate international trade, protects the UK’s fiscal, economic, social and physical security before and at the border, and collects UK trade statistics
  • 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 UK's Government Banking Service


Responsibilities

  • UK 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) including import VAT
  • Customs duty
  • Excise duties
  • Trade statistics
  • National Insurance
  • Tax Credits
  • Child Benefit
  • Enforcement of the UK's National Minimum Wage and National Living Wage
  • Recovery of student loan repayments


See also


Other links

About HMRC