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HMRC's business plan: 2014 to 2016

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❶Instead, there was an excess profits tax, of 50 percent of profits above the prewar level.

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BREAKING DOWN 'HM Revenue and Customs (HMRC)'
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hm revenue and customs business plan

Overall, there is the equivalent of 58, full-time staff working for HMRC. There will also be some centres that remain open as transitional centres for up to 12 years. The PCS union said that 11, full-time equivalent staff posts had been cut from HMRC since and any further cuts would be "absolutely devastating". HMRC said it would have fewer staff in the future but the phased approach to the move would "minimise redundancies".

Plaid Cymru leader Leanne Wood said the plans were "really bad news" in Wales. There are also significant changes in Scotland. Frank Haskew, of the Institute of Chartered Accountants in England and Wales, said there was likely to be more short-term pain for taxpayers trying to access HMRC services, but the long-term ambition was correct.

Chas Roy-Chowdhury, head of taxation at the ACCA accountancy body, said he was keen for no reduction in the headcount at HMRC, but any improvement in skills to deal with more complex tax inquiries would be welcome. It is encouraging to see a focus on adopting new techniques so they can raise revenues without, we hope, hitting service levels. Do you work at HMRC? If the tax authority believes the entity purposely withheld information in its income disclosure, it would proceed with a criminal investigation.

The Customs arm of HMRC is focused on the protection of the UK borders against illegal activities, including the trafficking of drugs and other illicit goods.

Other duties encompass the facilitation of legitimate international trade, as well as the collection of trade statistics for the UK. In , a committee was appointed to investigate whether it would be advantageous to combine the duties of the Inland Revenue with those of Customs and Excise. The proposal was overturned at the instigation of the Inland Revenue. In , the excise duties were removed from the administration of the Inland Revenue and were combined with the Board of Customs to form the Board of Customs and Excise.

Once again, the suggestion was made in a report by the Treasury Committee, citing the potential savings in public expenditure and compliance costs that a merger could engender. The decision, announced in March , to merge the Inland Revenue and the Board of Customs and Excise was met with some skepticism as the two departments had such different historical and cultural foundations and legal structures.

There was also the question of job losses, which in fact were substantial and occurred in spates over a period of years. Having made it through the post-merger era, HMRC has weathered adjustment issues ranging from public difficulty in accepting this new entity to complex restructuring phases and large-scale job losses. From Wikipedia, the free encyclopedia. Jon Thompson , Chief Executive. Commissioners for Revenue and Customs Act Retrieved 5 August Retrieved 21 June Department for Business, Enterprise and Regulatory Reform.

Archived from the original PDF on 26 February Retrieved 29 January Retrieved 27 February Retrieved 19 May Archived from the original PDF on 20 May Retrieved 9 April Archived from the original on 3 July Archived from the original on 28 July Retrieved 9 July Retrieved 31 March Retrieved 20 September Retrieved 12 November Retrieved 13 November Retrieved 18 May Retrieved 25 February Government names new bosses at tax authority".

Retrieved 18 January Retrieved 1 February Retrieved 20 November Retrieved 4 May

What is 'HM Revenue and Customs (HMRC)'

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HM Revenue & Customs. Corporate report [Withdrawn] HM Revenue and Customs single departmental plan - December Updated 12 July Contents. Business and self-employed;.

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HM Revenue & Customs is the tax authority of the UK government responsible for collecting taxes and enforcing borders among other duties. Business tax group; HM Revenue and Customs. 2 A) Coalition priorities 1. Deliver a more focused and effective tax administration Create a tax administration that is more efficient, flexible and effective by using our customer- centric.