HMRC


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HMRC

(in Britain) abbreviation for
(Government, Politics & Diplomacy) Her (or His) Majesty's Revenue and Customs, a government department that administers and collects major direct taxes, such as income tax, corporation tax, and capital gains tax
References in periodicals archive ?
Unless HMRC adopts my New Year Resolutions and puts its house in order, I dread to think of the future - especially as in the next decade 170 regional tax offices are likely to close and be replaced with 13 larger hubs in a bid to shift more customers to online tax services.
Ruth Owen, the director general of personal tax at HMRC, commented "The launch of personal tax accounts is a ground breaking development for HMRC and our customers,".
The Public and Commercial Services union say the plans "pose a significant threat to the operation of HMRC, its service to the public and the working lives of staff" and must be subject to parliamentary review.
HMRC appealed to the Upper Tier Tribunal but lost again on July 9.
South Wales Chartered Certi-fied Accountants Morgan Hemp & Company is urging online traders to act quickly and register themselves for tax before the next stage of the HMRC crackdown where traders who have failed to seek advice and contact HMRC may stand to face a penalty of between 40 and 100% of the tax due as opposed to 10% to 20% if they register with immediate effect.
HMRC launched a new consultation document in August entitled "Raising the stakes on tax avoidance".
Unfortunately, with senior executives in HMRC becoming senior employees of multinational corporations upon retirement from HMRC, most recently in the case of Dave Harknett, I doubt whether senior staff within HMRC would wish to torpedo their post-HMRC career options.
The nursery is managed for HMRC by childcare specialists Bright Horizons in partnership with facilities management company Mapeley.
Mitchell Charlesworth partner Rob Hall said the number of occasions when HMRC has used its powers to seize the assets of late payers - overwhelming businesses - rose to more than 7,000 in the last financial year, up from nearly 4,900 the previous year and 1,675 the year before.
Decision makers at HMRC said alcohol fraud was now one of its top priorities, adding that in April it would finalise a new strategy to tackle the problem.
Businesses have always been able to ask HMRC for more time to pay, but the BPSS promises to make this easier by speeding up the process, relaxing the conditions and allowing a longer payment period.
The HMRC service incorporates tax computations which are formatted in XBRL and automatically validated, upon receipt, against HMRC's computations taxonomy, ensuring the accuracy and comparability of information used by companies to carry out their tax calculations.