Her Majesty’s Revenue & Customs: Difference between revisions

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imported>Doug Williamson
m (Changed list to be more 'active' and in third person. Switched see also and other links round to house style. Altered Other link to house style.)
imported>Doug Williamson
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* [[Inland Revenue]]
* [[Inland Revenue]]
* [[Internal Revenue Service]]
* [[Internal Revenue Service]]
* [[MCT]]
* [[Tax avoidance]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax evasion]]

Revision as of 16:00, 22 November 2014

(HMRC).

Her Majesty's Revenuce and Customs was established by Act of Parliament in 2005 as a non-ministerial Department established by the Commissioners for Revenue and Customs Act (CRCA) 2005, replacing the 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
  • 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 are 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)
  • Excise duties
  • National Insurance
  • Tax Credits
  • Child Benefit
  • Enforcement of the National minimum wage
  • Recovery of student loan repayments


See also


Other links

About HMRC