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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 fraud occurs when the criminals sell the goods with VAT in the UK but fail to pass the VAT to HMRC. [48] The goods are often repeatedly shipped around EU countries by criminal gang networks, hence the "carousel" name. [49] According to the HMRC, between £1.1bn and £1.9bn tax revenue was lost in 2004/05 due to carousel fraud. [49]
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Business Link was a government-funded business advice and guidance service established in England in 1992. It consisted of an online portal managed by HM Revenue and Customs (HMRC) and a national telephone helpline.
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The 2004 Budget included proposals to merge HM Customs and Excise with the Board of Inland Revenue to form a new department, HM Revenue and Customs (HMRC). The merger was implemented by the Commissioners for Revenue and Customs Act 2005 with effect from 18 April 2005.
HMRC said the phone lines and webchat will be open as usual but customers may experience longer wait times. ... HMRC staff strike 'to support sacked union reps' December 22, 2024 at 9:07 AM ...
A government paper in March 2017 stated that Value Added Tax (VAT) would become the first tax to move to the digital system in April 2019, but would only be mandatory for businesses and landlords with turnover above the VAT threshold (at that time £85,000).