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HMRC is the government agency responsible for tax collection and custom regulations in the United Kingdom. HMRC stands for His Majesty's Revenue and Customs.

More detail:

HMRC stands for His Majesty's Revenue and Customs and is a UK government agency responsible for collecting taxes and enforcing customs regulations. Its main responsibilities include the collection of Income Tax, Capital Gains tax, National Insurance contributions and VAT.

It was founded in 2005 after merging Inland Revenue and HM Customs and Excise.

HMRC have strong powers and the ability to recover the money owed to them in any legal way possible. Thus, it is very important to maintain accurate and up to date financial records and follow HMRC's rules about filing.

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