HM Revenue and Customs (HMRC)
Definition of 'HM Revenue and Customs (HMRC)'
HMRC is a large organisation with over 100,000 employees. It is divided into a number of different departments, each responsible for a different area of tax. The main departments are:
* The Income Tax Department is responsible for collecting income tax, National Insurance contributions, and capital gains tax.
* The Corporation Tax Department is responsible for collecting corporation tax.
* The Customs and Excise Department is responsible for collecting customs duties and excise duties.
* The VAT and Stamp Duty Department is responsible for collecting value added tax (VAT) and stamp duty.
* The Debt Management and Collection Agency is responsible for collecting unpaid taxes.
HMRC also has a number of other departments, including:
* The Customer Service Delivery Group is responsible for providing taxpayers with information and advice on tax matters.
* The Criminal Investigations Department is responsible for investigating tax fraud and evasion.
* The International Tax Group is responsible for dealing with tax issues that arise in relation to international trade and investment.
HMRC is a complex organisation, but it plays a vital role in the UK economy. It collects billions of pounds in taxes each year, which helps to fund the government's spending. It also helps to ensure that everyone pays their fair share of tax.
If you have any questions about tax, you can contact HMRC on 0300 200 3300. You can also find more information on HMRC's website: www.gov.uk/hmrc.
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