HMRC CHILD BENEFIT
HMRC TAX CREDITS
HMRC NATIONAL INSURANCE
HMRC INCOME TAX
HMRC EMPLOYERS HELPLINE
HMRC VAT HELPLINE
HMRC GUIDE REGISTERED OFFICE
HM Revenue & Customs Self Assessment
PO Box 4000
HMRC or Her Majesty’s Revenue and Customs is a department of the United Kingdom Government accountable for tax collection, state support payments and management of different regulatory regimes. It ensures availability of funds for public services in the UK and also assists individuals and families with limited finances.
Scope of HMRC
- Self-Assessment tax
A Self-Assessment tax return may be needed to inform HMRC about your gains and returns. The first payment of balance for any taxes should be paid by 31st January and the second "payment on account" should be made by 31stJuly for the next tax bill. The Unique Taxpayer Reference number or UTR is essential for paying your Self-Assessment tax.
Submission of VAT returns to HMRC online and Payment of VAT electronically has been made obligatory at present. Payment by Direct Debit is recommended by HMRC. You should make your payments on or before the due date given on the VAT return to avoid late payments which may cost a surcharge. The nine digit VAT registration number should be used for paying your VAT.
- 3. Corporation tax
Company tax returns should be sent online and payment of taxes should be made electronically. Corporation tax must be paid generally after nine months and one day subsequent to end of the accounting period of the company. The ‘View Liabilities and Payments’ service can be utilised to manage the Corporation tax position by the organisation.
HMRC has also laid down the guidelines for payment of Capital Gains tax, paying taxes through tax codes, making voluntary payments and so on. To know in details, you can call the helpline number.
Employers and Pension Schemes
- PAYE/Class 1 National Insurance (including CIS)
Larger companies with more than 250 employees should pay HMRC online. You are liable to pay interest and penalties if tax for PAYE / Class 1 National Insurance contributions is not made in full or on time.
- Pension Schemes
HMRC’s ‘Pension Schemes Online’ service can be used for filing tax charges by pension scheme administrators. The last date for reporting as well as paying tax charges are same and delay in making payments may lead to penalties.
Detailed procedures regarding PAYE late payment penalties, CIS late filing penalties and PAYE settlement agreements are also explained by HMRC.
Other payments like stamp duties, inheritance tax, environmental taxes, insurance premium taxes, alcohol duties, machine games and gambling duties, petroleum revenue duties, oil taxes, VAT on vehicles imported in the UK, tax credit repayments, child benefit repayments and more also need to be paid to HMRC.
For complete details regarding the same, you can contact us and we can help you get connected to the correct HMRC Department.