The term "inland revenue" refers to the British government agency responsible for collecting taxes. It is spelled using the International Phonetic Alphabet as /ˈɪnlənd ˈrɛvənjuː/. The "i" in "inland" is pronounced as a short "ih" sound, while the "a" in "revenue" is pronounced as a short "eh" sound. The stress falls on the first syllable of both words. This spelling is important for clear communication, especially in legal and financial contexts where accuracy is crucial.
Inland revenue refers to the national tax authority or revenue service that is responsible for the administration and collection of taxes within a specific country or region. It is a government department or agency that oversees the assessment, collection, and enforcement of various types of taxes, including income tax, corporate tax, value-added tax (VAT), customs duties, and other levies.
The main objective of an inland revenue authority is to ensure compliance with tax laws and regulations, as well as the timely collection of taxes to fund government programs and services. This involves the implementation of tax policies, the issuance of tax identification numbers, the processing and auditing of tax returns, and the investigation and enforcement of tax-related offenses.
Inland revenue authorities are typically empowered to provide guidance and education to taxpayers concerning their rights, obligations, and options for tax payments. They may also establish mechanisms for tax disputes resolution and offer incentives or relief programs to encourage voluntary compliance.
The term "inland revenue" is often specific to a particular country or jurisdiction, such as the United Kingdom, where the organization in charge of tax collection and administration was historically known as the Inland Revenue department. In other countries, similar organizations may be referred to as the Internal Revenue Service (IRS), Revenue Agency, or Tax Office.
That portion of the national income which is derived from stamps, taxes, and excise-see customs.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The etymology of the term "inland revenue" can be traced back to Old English. The word "inland" originated from the combination of "in" (meaning "inside" or "within") and "land" (referring to a particular region).
The term "revenue" comes from the Latin word "revenire", which means "to return". In medieval Latin, "revenue" referred to the income that returned to a king, lord, or ruler. Over time, the meaning of "revenue" expanded to include income collected by the government.
The phrase "inland revenue" itself emerged in the late 18th century when the United Kingdom introduced income tax. Initially, the tax was called "Income Tax", but in 1842, it was changed to "inland revenue" to emphasize that it was the income tax collected within the country.