Her Majesty’s Revenue & Customs

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Revision as of 15:08, 20 January 2016 by imported>Doug Williamson (Additions to Policies and Responsibilities to align with what is on HMRC website)
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(HMRC).

UK tax.


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
  • 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


Other links

About HMRC