HMRC UK
About HMRC UK
Her Majestys Revenue and Customs was formed in 2005 from the merger of the Inland Revenue and Customs and Excise. HMRC collects taxes including income tax, corporation tax, VAT, capital gains tax, and inheritance tax. The merger was intended to create a single tax authority for the UK. HMRC collects over 700 billion annually. The agency has been criticized for closing local tax offices and moving services online. HMRC has pursued large tax avoidance schemes, including loan charges that retroactively taxed disguised income. The agency has also been criticized for its handling of the loan charge, which some argued caused severe hardship and was applied unfairly. HMRC administers tax credits and child benefit alongside tax collection.
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