Uk inland revenue
It is the first and foremost duty of every citizen to pay tax. by paying tax, they save themselves, their society and in turn the whole country. the tax collected will be utilised in many useful ways like safeguaring the general public, maintaining and upgrading of basic utilities etc. to ensure the smooth functioning of taxation and other related activities, the HM Revenue & Customs was formed on the 18 April 2005, following the merger of Inland Revenue and HM Customs and Excise Departments. They ensure that the correct tax is paid at the right time irrespective of whether it is collection or benefits payable.
The basic duties of the company includes direct and indirect tax, wherein specific importance is being given to capital gains, corporation, income, inheritance and other stamp duties too.
They protect the general public by protecting them in many ways like border and frontier protection , environmental taxes, national minimum wage enforcement , recovery of student loans. Etc.
General public is benefited by them in many ways.
Some of the benefits are summed up under.
1. The foremost advantage is, they have created a range of electronic services like paper free , fast and safer method. Now the citizens of UK have the option to pay their tax online.
2. many teams have been formed to help the business customers wherein their meeting costs will be reduced. The teams are called HM revenue and customs advice team.
3. the major advantage lies to the employee. Due importance is being given and it is always stressed to all epmplyers that they meet the national minimum wage rules.
4. a separate helpline has been set up for the cause, and dedicated team ensure that the employee strictly follow the rules and regulation. Strict action is being taken against those who breach the rules.
5. it is always happy to see some one happy. The best thing in this world is to make others smile. This sort of satisfaction is being attained by the paying some amount to the charity. Now this is possible to do it direct from your salary .By having their donations come straight from their gross pay before tax, employees effectively increase the value of their contributions. So it means more money for charity, at less cost for them.
Finally this is for the benefit of both employees and employers, in turn it is good for the society.
Every employee ensures that he or she pays their tax promptly, and every employer ensures that the employee gets the right amount of money for the work extracted from them. The tax collected through this source has been utilized in many ways. Mainly for the welfare of general public, it has been used. All Government Departments must ensure that everything they do represents best value for taxpayers money and that they are fully accountable to the public.
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