Inland Revenue

Categories: Tax

Inland Revenue was the British equivalent of the IRS. We say “was” because, uh...it doesn’t exist anymore.

But when it was a thing, the Inland Revenue was responsible for collecting taxes and disbursing tax credits, both on the individual level and the corporate level. Since it seemed silly to separate that from the UK’s other tax functions, like sales tax administration, it was merged in 2005 with HM Customs and Excise, and now the two together are known as HM (“HM” = “Her Majesty’s”) Revenue and Customs.

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Finance: What is the IRS?19 Views

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Finance allah shmoop What is the i r s Well

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i rest might be the three most hated letters in

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the alphabet Well after d m v a pms and

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well maybe std The i r s is the internal

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revenue service Their internal i e inside the government they're

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in charge of collecting revenue A k a They take

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money from your pocket in the form of taxes and

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they deliver it to uncle sam and they you know

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service you and it doesn't feel good So yeah these

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are the guys from the us treasury department who checked

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to make sure you filled out your income tax forms

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correctly and submitted the proper amount And if you screwed

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up in any way they will let you know about

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it and a half in the form of angry letters

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Phone calls knocks on your front door rocks through your

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back window Whatever it takes to get you to pay

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your fair share of taxes Like why should you get

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away with not paying when the jones has paid all

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they owed Or the irs can do even worse and

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audit you with an audit he irs will request extensive

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and very specific information and records from you Paycheck deductions

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all kinds of things You claim that you did that

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were deductible that may or may not have been forcing

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you to spend hours upon hours at your public storage

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unit digging through boxes you hoped and prayed you'd never

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see again Well after the third solid week of having

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your financial history poked and prodded like you've had to

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turn your head and cough you uh might actually be

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ready and willing to trade in those three letters of 00:01:35.13 --> [endTime] irs for rough one of those stds instead

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