CRR and Her Majesty’s Revenue & Customs: Difference between pages

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imported>Doug Williamson
(Mend link.)
 
imported>Doug Williamson
(Explain merging of formerly separate branches & make singular.)
 
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''Bank regulation''
''UK tax.''


Capital Requirements Regulation.
(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.
===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 ==
* [[Basel III]]
* [[Direct tax]]
* [[Capital Requirements Regulation]]
* [[Exempt approved status]]
* [[CRD IV]]
* [[Inland Revenue]]
* [[CRR II]]
* [[Internal Revenue Service]]
* [[Prudential Regulation Authority]] (PRA)
* [[MCT]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax point]]
* [[Tax written down value]]
* [[Taxable person]]
* [[Taxable transaction]]
* [[Taxpayer’s Charter]]
* [[Treasury]]
 
 
==Other links==
[https://www.gov.uk/government/organisations/hm-revenue-customs/about About HMRC]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

Revision as of 20:53, 8 April 2015

UK tax.

(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.


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


Other links

About HMRC