Introduction The HM Revenue and Customs (HMRC) is a vital agency of the UK government, responsible for collecting taxes, paying some forms of welfare, and enforcing the minimum wage. Ideally positioned at the heart of the UK’s economy, HMRC’s effectiveness directly impacts public services and the overall economic health of the nation. With recent changes
Introduction The recent increase in HMRC’s powers to raid bank accounts has raised significant concerns among taxpayers in the UK. This development is particularly relevant given the ongoing efforts by the government to tackle tax evasion and ensure compliance. HMRC, or Her Majesty’s Revenue and Customs, is the UK’s tax authority, and its approach to
Introduction to the FCA The Financial Conduct Authority (FCA) plays a pivotal role in regulating financial services and markets in the United Kingdom. Established in 2013, the FCA aims to protect consumers, enhance market integrity, and promote competition. With ongoing developments in financial technology and increased scrutiny on financial institutions, the FCA’s relevance has never