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HMRC is the department of the UK Government that’s in charge of collecting taxes. It stands for Her Majesty’s Revenue and Customs. The department is also in charge of things like:
The HMRC department was created in its current form in 2004. It was formed by a merger between the Inland Revenue and HM Customs & Excise, by Gordon Brown whilst he was Prime Minister.
They are headquartered in Whitehall in London.
You have to pay your taxes to HMRC every year. How you do this depends mainly on how you earned money. Principally, whether you’re employed or self-employed:
If you need to file a tax return but don’t, be aware that HMRC will fine you. Take a took at our late penalties calculator to see how much you could owe.
The deadline to submit a Self Assessment is 31st January of the year following the one you earned money in.
It’s important to remember that once you register for Self Assessment, you need to file every year until you tell HMRC to deregister you. They’ll still expect pay otherwise. You have to register online by 5th October.
Other people who need to do a Self Assessment are:
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