Who is HMRC?

The term HMRC is an abbreviation of Her Majesty’s Revenue and Customs, which is the tax, payments and customs authority of the United Kingdom’s government.

HMRC was established in 2005 as a successor to the Inland Revenue and Customs and Excise.  HMRC collects taxes from almost every UK individual and business to fund all the UK’s public services, help families and individuals with targeted financial support and administer Child Benefit.

The role of HMRC is to provide guidelines for the following:

  • 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
  • recovery of Student Loan repayments
  • anti-money laundering supervision
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0203 965 3892

Tax Advisory UK

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