Her Majesty's Revenue and Customs HM Revenue and Customs or HMRC [3] is a non-ministerial department of the UK Government responsible for the collection of taxesthe payment of some forms of state supportand the administration of other regulatory regimes including the national minimum wage. HMRC was formed by the merger of the Inland Revenue and Her Majesty's Customs and Excise which took effect on 18 April The department is responsible for the administration and collection of direct taxes including income tax and corporation taxcapital taxes such as capital gains tax and inheritance taxindirect taxes including value added taxexcise duties and stamp duty land taxand environmental taxes such as Air Passenger Duty and the climate change levy.

Other aspects of the department's responsibilities include National Insurance contributions, the distribution of child benefit and some other forms of state support including the Child Trust Fundpayments of Tax Creditsenforcement of the national minimum wage[5] administering anti- money laundering registrations for Money Service Businesses [6] and collection and publication of the trade-in-goods statistics.

HMRC is a law enforcement agency which has a strong cadre of Criminal Investigators c.

This includes all of the previous HMCE criminal work other than drug trafficking such as Tobacco Alcohol and Oils smuggling. They have aligned their previous Customs and Excise powers to tackle previous Inland Revenue criminal offences. They are responsible for seizing or preventing the loss of billions of stolen pounds of HMG 's revenue. Their skills and resources include the full range of intrusive and covert surveillance and they are a senior partner in the Organised Crime Partnership Board.

HMRC inland detection officers have wide-ranging powers of arrest, entry, search and detention. The main power is to detain anyone who has committed, or whom the officer has reasonable grounds to suspect has committed, any offence under the Customs and Excise Acts.

HMRC is also listed under parts of the British Government which contribute to intelligence collection, analysis and assessment. Their prosecution cases may be coordinated with the Police or the Crown Prosecution Service.

The department is organised around four operational groups, each led by a director general.

The four operational groups are: In addition to the four operational groups, there are five supporting groups. HMRC deals with the top 2, large business via CRM Customer Relationship Managers. The next 8, business are dealt with via Customer Co-ordinators who provide a single point of contact with HMRC.

The name for the new department and its first executive chairman, David Varneywere announced on 9 May Varney joined the nascent department in Septemberand staff started moving from Somerset House and New Kings Beam House into HMRC's new headquarters building at Parliament Street in Whitehall on 21 November The planned new department was announced formally in the Queen's Speech of and a billthe Commissioners for Revenue and Customs Bill, was introduced into the House of Commons on 24 Septemberand received Royal Assent as the Commissioners for Revenue and Customs Act on 7 April The Act also creates a Revenue and Customs Prosecutions Office RCPO responsible for the prosecution of all Revenue and Customs cases.

However, a major review of the powers required by HMRC was announced at the time of the Pre-Budget Report on 9 Decembercovering the suitability of existing powers, new powers that might be required, and consolidating the existing compliance regimes for surcharges, interest, penalties and appeal, which may lead to a single, consolidated enforcement regime for all UK taxes, and a consultation document was published after the Budget on 24 March Legislation to introduce new information and inspection powers was included in Finance Act Schedule The new consolidated penalty regime was introduced via Finance Act Schedule In addition, 2, staff would be redeployed to "front-line" activities.

The total number of job losses included policy functions within the former Inland Revenue and Customs which moved into the Treasuryso that the Treasury became responsible for "strategy and tax policy development" and HMRC took responsibility for "policy maintenance". In addition, certain investigatory functions moved to the new Serious Organised Crime Agencyas well as prosecutions moving to the new Revenue and Customs Prosecution Office.

A further programme of job cuts and office closures was announced on 16 November The numbers of job reductions and office closures has not been officially announced, but the proposals imply that up to offices will close and a further 12, jobs were to be lost new jersey income tax stock options to InHMRC began to introduce an update to the PAYE system, which meant it would receive information on tax and employee earnings from employers each month, rather than at the end of a tax year.

A trial of the new system began in Apriland all employers switched by October In Revenue Scotland was formed and on 1 April it took HMRC responsibility to collect Stamp Duty Land Tax and Landfill Tax in Scotland. On 12 November HMRC proposed to close local offices and replace them with 13 regional centres by The Board is composed of members of the Executive Committee and non-executive directors.

It also performs an assurance role and advises on best practice. The Treasury Minister responsible for HMRC is the Financial Secretary to the TreasuryDavid Gauke MP.

The Chief Executive is also the Permanent Secretary for HMRC and the Accounting Officer. Jon Thompson, formerly Permanent Secretary of the Ministry of Defencesucceeded Lin Homer as Chief Executive in April The Chairman of HMRC was an executive role until Mike Clasper served as a non-executive Chairman. From Augustthe post was abolished with a 'lead non-executive director' chairing Board meetings instead. Edward Troup was appointed as Executive Chair and Permanent Secretary in April Non-executive board members [25] as of January are:.

Her Majesty's Civil Service Grading schemesfor details. This equates to a collection rate of On 20 November the Chancellor of the Exchequer announced that two discs that held the personal details of all families in the United Kingdom claiming child benefit had gone missing.

The missing discs include personal details such as name, date of birth, National Insurance number, and bank details. The then Chancellor, Alistair Darling stated that there was no indication that the details had fallen into criminal hands; however, he urged people to monitor their bank accounts. EDS ran the Inland Revenue's tax and National Insurance system from to In FebruaryHMRC encountered problems following kas yra svertas forex implementation of their taxes modernisation cryptsy trading strategies called Modernising Pay-as-you-Earn Processes for Customers MPPC.

Annual coding issues certain codes to tax payers on a yearly basis. The annual coding process sent out incorrect tax coding notices to some taxpayers and their employers meaning that they would pay too hmrc european vat rates tax the following year.

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In Augustseven HMRC staff were sacked for deliberately underpaying benefits to ethnic-minority claimants. MPs in the House of Commons public accounts committee praised Osita Mba and called for scrutiny into HMRC's use publicly traded tech companies RIPA powers in a report. We consider that HMRC's use of powers reserved for tackling serious criminals against Mr Osita Mba was indefensible.

HMRC told us that it had changed how it deals with whistleblowers and that it now provides information to its audit and risk committee who can use this to challenge how HMRC handles whistleblowers.

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From Wikipedia, the free encyclopedia. Her Majesty's Revenue and Customs Welsh: Damian Hinds MP, Exchequer Secretary to the Treasury and 60s is binary options worth it systems responsible for HMRC.

Jon ThompsonChief Executive. Commissioners for Revenue and Customs Act Retrieved 5 August Retrieved 21 June ONS - UK Company Statistics Reconciliation Project PDF. Department for Business, Enterprise and Regulatory Reform.

Archived from the original PDF on 26 February Retrieved 29 January Retrieved hmrc european vat rates February Retrieved 19 May Archived from the original PDF on interactive brokers options exercise May Retrieved 9 April Transforming HMRC — The Regional Review Programme".

Archived from the original on 3 July Archived from the original on 28 July Retrieved 9 July Retrieved 31 March Retrieved 12 November Retrieved 13 November Retrieved 18 May Retrieved 25 February Government names new bosses at tax authority".

Retrieved 18 January The Live exchange rates indian rupees and Auditor General's Standard Report - National Audit Office NAO ". The Comptroller and Auditor General's Standard Report".

Retrieved 20 November Retrieved 4 May Archived from the original on 20 November Retrieved 18 August Non-police law enforcement agencies of the United Kingdom.

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