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His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
The origins of Companies House date back to 1844, the year the Joint Stock Companies Act received royal assent, enabling companies to be incorporated by registration for the first time. [8] The Act created the office of the Registrar of Joint Stock Companies to maintain the register of companies, [ 9 ] which was publicly accessible. [ 10 ]
It is also sometimes referred to as company registration. These terms are both also used when incorporating a business in the Republic of Ireland . Under UK company law and most international law, a company or corporation is considered an entity that is separate from the people who own or operate the company.
Strictly speaking, Corporation Tax Act 2010 replaces the historic terminology "Schedule A", "Schedule D Case I" etc. with more descriptive terms but this does not affect the substantive application of the schedular system so that, for example, different rules apply for utilising tax losses depending upon the nature of the income under which the ...
Before the advent of Real Time Information (RTI), at the end of the tax year, employers operating PAYE schemes had to report to HMRC their employees, the total that had been paid to them, the amounts of income tax and national insurance contributions (NICs) that had been deducted from those payments, and the amount of employer's NICs due. This ...
His Majesty's Revenue and Customs (HMRC; Welsh: Cyllid a Thollau Ei Fawrhydi) — Scotland: Revenue Scotland (Scottish Gaelic: Teachd-a-steach Alba) — Wales: Welsh Revenue Authority (Welsh: Awdurdod Cyllid Cymru) — United States: Internal Revenue Service (IRS) — Venezuela
A business entity is an entity that is formed and administered as per corporate law [Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries.