Call and Her Majesty’s Revenue & Customs: Difference between pages
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''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. | |||
__TOC__ | |||
===Policy maintenance and implementation=== | |||
*Responsible for safeguarding the flow of money to the UK 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 UK's Government Banking Service | |||
===Responsibilities=== | |||
*UK [[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 UK's National Minimum Wage | |||
*Recovery of student loan repayments | |||
*Anti-money laundering supervision | |||
HMRC's work is scrutinised by, among others, the UK parliament's Public Accounts Committee. | |||
== See also == | == See also == | ||
* [[ | * [[Anti money laundering]] | ||
* [[ | * [[Customs duty]] | ||
* [[ | * [[Direct tax]] | ||
* [[ | * [[Exempt approved status]] | ||
* [[ | * [[HM Treasury]] | ||
* [[ | * [[Income Tax]] | ||
* [[ | * [[Inland Revenue]] | ||
* [[ | * [[Internal Revenue Service]] | ||
* [[ | * [[National Insurance]] | ||
* [[Public Accounts Committee]] | |||
* [[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]] | ||
Revision as of 23:35, 29 January 2022
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 UK 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 UK's Government Banking Service
Responsibilities
- UK 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 UK's National Minimum Wage
- Recovery of student loan repayments
- Anti-money laundering supervision
HMRC's work is scrutinised by, among others, the UK parliament's Public Accounts Committee.
See also
- Anti money laundering
- Customs duty
- Direct tax
- Exempt approved status
- HM Treasury
- Income Tax
- Inland Revenue
- Internal Revenue Service
- National Insurance
- Public Accounts Committee
- Tax avoidance
- Tax evasion
- Tax haven
- Tax point
- Tax written down value
- Taxable person
- Taxable transaction
- Taxpayer’s Charter
- Treasury
