[eɪʧ-ɛm-ɑː-siː]
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.
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.
January 31st is the deadline for submitting 2022/23 tax returns. It's a good idea to complete your tax return ahead of this deadline to avoid mistakes and potential penalties. This article shows why its a good idea to submit your tax return early and how Earnr can help you if you are stuck.
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We recently introduced our newest addition to the Earnr team; our AI chat bot, Earnr AI. In this article we put Earnr AI to the test and asked it why you should use Earnr as your tax companion, bookkeeping tool and tax return assistant. Read it's excellent response!
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The festive period is often thought of as the busiest time of the year with the run up to Christmas and New Year. Whilst this period can feel hectic at times, it can also be seen as the perfect time to complete your tax return. In this article we explain why this Christmas time is the best time to submit your 22/23 tax return.
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