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Glossary

HMRC:

/ˌeɪtʃ ɛm ɑːr ˈsiː/ noun HM Revenue & Customs (HMRC) is the tax authority of the U.K. government.

HM Revenue & Customs (HMRC) is the tax authority of the UK government.

HMRC collects all direct and indirect taxes in the UK, such as including income tax, corporation tax, and VAT, as well as managing Statutory Payments such as statutory sick pay and statutory maternity pay, and helping families and individuals with financial support through payment of tax credits.

When you’re self-employed, you’ll be dealing with HMRC on a regular basis, through your Self Assessment and other enquiries.

They have a useful helpline for self-assessment questions, which you can call on 0300 200 3310.

Advice and guides from the ecosystem

gov.uk
HM Revenue & Customs
HM Revenue & Customs (HMRC) is the tax authority of the UK government.

Related Glossary Terms

Income Tax
Tax due payable to anyone earning over a certain income in the UK, and the primary tax you'll pay when you're self-employed
Self Assessment
The process of calculating and reporting your income and expenses to HRMC each year, rather than being taxed at source.
Corporation Tax
Tax you pay on business profits, when registered as a limited company.
VAT
Value Added Tax, additional tax you'll be charging your customers and liable to pay to HMRC, when your turnover is over £90,000
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