Did you know that HMRC celebrated its 20th birthday in mid-April?
The department was established in April 2005 with the merger of the Inland Revenue and HM Customs and Excise, combining tax administrations to reduce overlap and apparently to enhance delivery service!
The creation of HMRC by the then Chancellor of the Exchequer, Gordon Brown, brought direct and indirect tax collection under one organisation.
The key milestones include the online filing of Self Assessment tax returns (2 million were filed online in the first year), and the introduction of MTD for VAT in 2019. MTD for Income Tax Self Assessment is next!
HMRC has reduced the number of its offices from over 500 two decades ago to 28 today.
If this has got you all excited then watch the video ‘20 Years of HMRC: Then, Now and Next’!
