What is Inland Revenue Bradford?
The Inland Revenue presently known as HM Revenue and Customs, was formerly a bureau of the Government Of the United Kingdom that administered all the tax collections in the United Kingdom. Its headquarters was located in Somerset House, London.
The Inland Revenue's Origin can be traced back to 1665 when a organization called the Board of Taxes was formed to regulate the collection of taxes. The board until 1962 monitored the land tax and from 1797 onwards it began the collection of income taxes. Later on, under the Stamps Act 1694, an independent board of Stamps was formed. In June 1833, both the boards of Taxes and Stamps were merged under the Land Tax Act 1834. Later on, Under the Inland Revenue Board Act 1849, the board of Inland Revenue was formed. On 18 April, 2005 the Inland Revenue was amalgamated to the HM Customs and Excise, which formed the HM Revenue and Customs.
The Inland Revenue prior to its merger with HM Customs and Excise performed functions such as collection of Income Tax, Stamp duty, Child Tax Credit etc.
The HM Customs and Excise after replacing the Inland Revenue is serving as the British Government's Tax authority agency. It is responsible for the collection of taxes such as Environment tax, Excise duty, Inheritance Tax, Value added Tax(VAT) and Income Tax etc. These taxes are collected from the residents, employees and business organizations of the United Kingdom. All the activities of the HM Customs and Excise is controlled and regulated by its Treasury Minister.
The HM Customs and Excise claims that the purpose of its organization is to provide financial support to the the UK government's public services and the people living in the United Kingdom.