HM
Revenue & Customs (HMRC) or Inland Revenue - Revenue Collection
About
the HM Revenue & Customs or Inland Revenue
Please
note: Inland Revenue is now HM Revenue & Customs (HMRC)
HM
Revenue & Customs (HMRC) was formed in 2005, following the merger
of Inland Revenue and HM Customs and Excise Departments. They are
there to ensure the correct tax is paid at the right time, whether
this relates to payment of taxes received by the department or entitlement
to benefits paid.
They
collect and administer:
Direct
taxes - paid by you or your business on money you earn or capital
you gain.
- Capital
Gains Tax
- Corporation
Tax
- Income
Tax
- Inheritance
Tax
- National
Insurance Contributions
Indirect taxes - paid by you or your business on money spent on
goods or services.
- Excise
duties
- Insurance
Premium Tax
- Petroleum
Revenue Tax
- Stamp
Duty
- Stamp
Duty Land Tax
- Stamp
Duty Reserve Tax
- VAT
They pay and administer:
- Child
Benefit
- Child
Trust Fund
- Tax
Credits.
They
protect you by enforcing and administering:
- Border
and frontier protection
- Environmental
taxes
- National
Minimum Wage enforcement
- Recovery
of student loans
Contact
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