Chapter 1 - 4.1 - HMRC Responsibilities

Question 1

What are the five responsibilities of HMRC?

Answer 1

• Collecting and administering IT, CGT, VAT, CT and NIC
• Paying and administering universal credit, tax credits and child benefits
• Collecting repayment of student loans
• Ensuring adherence to minimum wage rules
• Protecting society from tax fraud, smuggling and illegal importation of drugs

Question 2

What can HMRC do if a taxpayer does not fully cooperate with informal requests for information?

Answer 2

HMRC can use its statutory power to issue an ‘information notice’