Inland revenue

Inland revenue,

Definition of Inland revenue:

  1. A former UK government department which dealt with taxes such as income tax, corporation tax, capital gains tax and inheritance tax, but not duties such as Value Added Tax. It merged with the Customs and Excise to form HM Revenue & Customs in 2005.

  2. The Inland Revenue was a department of the British government that existed from 1849 to 2005. The department was responsible for collecting direct taxes, such as income tax, and administering benefits, such as child tax credits.

  3. Public revenue consisting of income tax and some other direct taxes.

  4. The Inland Revenue was first established in the United Kingdom in 1849. In 2005, the department merged with Her Majesty's (HM) Customs and Excise to form HM Revenue and Customs (HMRC). The Inland Revenue was an 1849 amalgamation of two former government boards—the Board of Excise and the Board of Stamps and Taxes.

How to use Inland revenue in a sentence?

  1. The Inland Revenue was first established in the United Kingdom in 1849 and merged with Her Majesty's (HM) Customs and Excise to form HM Revenue and Customs (HMRC) in 2005.
  2. Inland Revenue was an 1849 amalgamation of two former government boards— the Board of Excise and the Board of Stamps and Taxes.
  3. The Inland Revenue was a British government department responsible for collecting direct taxes and administering benefits between 1849 and 2005.
  4. The Commissioners shall collect and cause to be collected every part of inland revenue, and all money under their care and management, and shall keep distinct accounts thereof at their chief office.

Meaning of Inland revenue & Inland revenue Definition