What is HMRC (Her Majesty’s Revenue & Customs)? #
The HMRC, or Her Majesty’s Revenue & Customs, is the United Kingdom’s tax authority responsible for collecting taxes, enforcing tax laws, and managing a variety of public funds. Established in 2005 following the merger of the Inland Revenue and HM Customs and Excise, HMRC oversees income tax, corporate tax, value-added tax (VAT), and customs duties. Beyond tax collection, the organization plays a pivotal role in ensuring compliance, administering benefits such as tax credits and Child Benefit, and combating tax evasion and fraud to safeguard the UK’s economic integrity.
