Introduction The HM Revenue and Customs (HMRC) is a vital institution in the United Kingdom, responsible for the collection of taxes, payment of some forms of state support, and administration of various regulatory systems. Its effective management of tax collection plays a critical role in maintaining the financial health of the UK economy, especially in […]
Understanding HMRC and Its Functions in the UK Tax System
Introduction to HMRC The Her Majesty’s Revenue and Customs (HMRC) is a vital institution in the United Kingdom, responsible for the collection of taxes, the payment of some forms of state support, and the enforcement of tax compliance. As the UK government body that oversees tax revenue, understanding HMRC’s role is crucial for both citizens […]