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Tag: Corporation Tax

Image: A phoenix rising from the merging silhouettes of Inland Revenue and Customs & Excise, representing HMRC's unification.

Understanding HM Revenue and Customs (HMRC): Functions, History, and Significance

December 13, 2024 FinanceFacts101 Finance History

Overview of HM Revenue and Customs (HMRC) What is HM Revenue and Customs (HMRC)? The term Her Majesty’s Revenue and Customs (HMRC) refers to the U.K. government tax authority. Established in 2005 through a merger of the Inland Revenue and Customs & Excise, HMRC is responsible for collecting taxes, administering

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