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

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''Bank regulation - EU''
''UK tax.''


CRR II is the updated Capital Requirements Regulation which entered into force in 2019.
(HMRC).


The majority of its provisions have applied from 28 June 2021.
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.




==See also==
__TOC__
*[[Basel IV]]
 
*[[Capital Requirements Regulation]]
 
*[[CRD V]]
===Policy maintenance and implementation===
*[[CRD VI]]
*Responsible for safeguarding the flow of money to the Exchequer through collection, compliance and enforcement activities
*[[CRR III]]
*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 ==
* [[Direct tax]]
* [[Exempt approved status]]
* [[Inland Revenue]]
* [[Internal Revenue Service]]
* [[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:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 13:00, 4 December 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