View source for Her Majesty’s Revenue & Customs

(HMRC).

''UK tax.''


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.


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===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 ==
* [[Direct tax]]
* [[Exempt approved status]]
* [[Inland Revenue]]
* [[Internal Revenue Service]]
* [[MCT]]
* [[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]]