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Definition of

HM Revenue & Customs


UK government department that collects tax in the United Kingdom, the government department responsible for the administration and collection of all forms of tax, including VAT, income tax, and excise duties. HMRC combines the duties of two formerly separate departments, the Inland Revenue and HM Customs and Excise.

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Definitions of ’HM Revenue & Customs’ and meaning of ’HM Revenue & Customs’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’HM Revenue & Customs’ and other financial terms with our online QFINANCE Financial Dictionary.

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