7.1 What is HMRC?

A tax collector knocks on the door. Inside, a man with a large bag of money is getting stressed.

Most adults in the UK are familiar with HMRC (His Majesty’s Revenue and Customs).

HMRC is responsible for collecting taxes and National Insurance contributions.

For a detailed description of what HMRC does, go to their About us [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] page..

Learning outcomes

7.2 Income tax