HMRC (Her Majesty's Revenue and Customs)

Her Majesty's Revenue and Customs (HMRC) is the UK government department responsible for collecting taxes, paying some forms of welfare, and enforcing regulations on tax and customs. It ensures individuals and businesses pay their fair share of taxes, which fund public services like health care and education. HMRC also oversees the administration of various benefits, such as tax credits. By managing customs duties, it regulates goods entering and leaving the UK, helping maintain economic stability and compliance with the law. Essentially, HMRC plays a crucial role in the financial and regulatory framework of the UK economy.