Her Majesty’s Revenue & Customs: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Additions to Policies and Responsibilities to align with what is on HMRC website)
imported>Doug Williamson
(Update for Charles III.)
 
(15 intermediate revisions by the same user not shown)
Line 1: Line 1:
''UK tax''.
(HMRC).
(HMRC).


''UK tax.''
The former name of His Majesty's Revenue and Customs.
 
 
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.
 
 
__TOC__
 
 
===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
* 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 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]]) including import VAT
* Customs duty
*Excise duties
* Trade statistics
*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]]
Line 54: Line 25:




== 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

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Her_Majesty’s_Revenue_%26_Customs&oldid=24753’