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

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1. ''Bonds and other securities.''
''UK tax''.


The early redemption (repayment) of a security's principal, before the normal final maturity date, at the discretion of the borrower (issuer), in accordance with a call provision in the security's documentation.
(HMRC).




2. ''Options.''
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.


Call option.


__TOC__


3. ''Banks and other financial institutions - accounts.''


[[Call money]] means funds which can be withdrawn from a financial institution without giving notice.
===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




4. ''Guarantees and bonds - performance guarantees.''
===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


A formal demand by a commercial customer for payment under a performance guarantee.


HMRC's work is scrutinised by, among others, the UK parliament's Public Accounts Committee.


5. ''Requests and demands.''


More generally, any relatively formal request or demand, which may (or may not) be legally enforceable.
== 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 ]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax haven]]
* [[Tax point]]
* [[Tax written down value]]
* [[Taxable person]]
* [[Taxable transaction]]
* [[Taxpayer’s Charter]]
* [[Treasury]]




== See also ==
== External link ==
* [[Bond]]
[https://www.gov.uk/government/organisations/hm-revenue-customs/about About us - HMRC]
* [[Bring down call]]
* [[Call for Action on Adaptation and Resilience]]
* [[Call money]]
* [[Call option]]
* [[Call protection]]
* [[Call provision]]
* [[Call risk]]
* [[Callable]]
* [[Callable bond]]
* [[Issuer]]
* [[Issuer call]]
* [[Margin call]]
* [[Non-callable]]
* [[Option]]
* [[Performance guarantee]]
* [[Principal]]
* [[Put-call parity theory]]
* [[Redemption]]
* [[Security]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Financial_products_and_markets]]

Revision as of 08:45, 6 July 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


External link

About us - HMRC

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