Inland Revenue

In the UK, the Inland Revenue was a department of the British Government responsible for the collection of direct taxation, including income tax, national insurance contributions, capital gains tax, inheritance tax, corporation tax, petroleum revenue tax and stamp duty. More recently, the Inland Revenue have also administered the Tax Credits schemes, whereby monies are paid by the Government into a recipient's bank account or as part of their wage, such as Working Tax Credit and Child Tax Credit. The Inland Revenue was also responsible for the payment of child benefit.

Related Topics:
UK - Department - British Government - Direct - Taxation - Income tax - National insurance contributions - Capital gains tax - Inheritance tax - Corporation tax - Petroleum revenue tax - Stamp duty - Tax Credits - Child benefit

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The Inland Revenue was merged with HM Customs and Excise to form a new department, HM Revenue and Customs, with effect from 18 April 2005.

Related Topics:
HM Customs and Excise - HM Revenue and Customs - 18 April - 2005

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