Inland Revenue

Inland Revenue

A former agency of the British government responsible for the collection of income taxes, VAT and other taxes on goods and services originating in the United Kingdom. It was merged with the Board of Customs and Excise to form HM Revenue and Customs.

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Inland Revenue

the UK government department that is responsible for assessing individual and corporate TAXATION liabilities (HM Inspector of Taxes), and for the collection of taxation monies due (HM Collector of Taxes).

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

Inland Revenue

a UK government department that is responsible for assessing individual and corporate TAXATION liabilities (HM Inspector of Tax), and for the collection of taxation monies due (HM Collector of Taxes). In the USA, the Internal Revenue Service performs similar functions.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005