Her Majesty’s Revenue & Customs

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Revision as of 22:20, 28 June 2013 by imported>Charles Cresswell
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(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

See also