CTSA

UK tax

(HMRC).

Her Majesty's Revenue and Customs was established in the UK 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 UK 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 and National Living Wage
• Recovery of student loan repayments

See also

• Customs duty
• Direct tax
• Exempt approved status
• HM Treasury
• Inland Revenue
• Internal Revenue Service
• OTS
• Tax avoidance
• Tax evasion
• Tax haven
• Tax point
• Tax written down value
• Taxable person
• Taxable transaction
• Taxpayer’s Charter
• Treasury

Other links

About HMRC