What is HMRC? HMRC Review

HM Revenue and Customs (HMRC) is a non-ministerial department of the United Kingdom government responsible for collecting taxes, paying certain forms of support to the state, and administering other regulatory systems (including the national minimum wage).

history

HMRC was formed by the merger of HM Revenue and HM Customs on 18 April 2005. Its logo is the crown of St Edward surrounded by a circle.

Main Responsibilities

1. HMRC is responsible for the management and collection of taxes (direct taxes: including income tax, corporate tax (CT), capital gains tax (CGT), inheritance tax; indirect taxes: including value-added tax, consumption tax, stamp duty, etc.; environmental taxes: such as air passenger tax, climate change tax, etc.).

2. HMRC's responsibilities also include national insurance contributions, allocation of child benefits and other forms of state support, child trust funds, payment of tax credits, enforcement of the national minimum wage, collection and publication of trade statistics, etc.

Specific goals

HMRC's two overarching PSA objectives for the period 2008-2011 were:

Increase the level of taxes individuals and businesses pay due and the credits and payments they receive;

Improving customer experience and improving the UK business environment.

Since 2016, the UK Chancellor of the Exchequer has said that he will step up efforts to deal with VAT issues for overseas sellers.

E-commerce events

-2013 UK regulations require that if HMRC (the UK tax and customs agency) makes a formal request to us at Amazon UK, we must disclose certain information about your seller account on amazon.co.uk to this agency.

-In mid-September 2016, a new bill officially came into effect in the UK. This bill mainly aims to increase VAT tax scrutiny on overseas companies. In addition, if overseas sellers evade taxes and cross-border e-commerce platforms such as Amazon do not take effective measures, the platforms may have to pay all taxes.

-In 2017, at 2:30 pm on September 13, local time in the UK, the UK Parliament's Public Accounts Committee (PAC) held a hearing on VAT fraud on e-commerce platforms. The hearing was aimed directly at the platforms, forcing them to face up to the VAT issue.

-HMRC in the UK has been putting pressure on merchants to add tax numbers and pay taxes according to regulations. Therefore, Amazon sellers who fail to upload UK VAT numbers before December 31, 2017 will be suspended from warehouse access in Amazon's EU operation centers. If eBay sellers still cannot provide their own VAT numbers by December 1, 2017, but still use UK overseas warehouses for delivery, then the seller's use of overseas warehouses does not comply with UK tax law requirements and is illegal operation.