Back in 2004 the FT asked its readers to come up with a name for the merging departments of the Inland Revenue and Customs & Excise. The merger took effect from April 2005 since when the organisation has been known as HMRC or HM Revenue & Customs or simply The Revenue. Plenty in the media and in Parliament have also continued to refer to the body, incorrectly, as the Inland Revenue - as if the last 7 years had never happened).
The winning entry in the FT's competition was suggested by Ed Troup, who is now Director General Tax and Welfare at HM Treasury. He suggested: Finance Collection UK though it would have been known by its initials, were they not already in use by the retail chain French Connection.
Other suggestions included:
- iTax
- Taxes R Us
Those I've seen suggested recently include:
- As an acronym HMRC is HoMewReCker!
- Department of National Financing
- Department of National Funding
- Department of Social Financing
- Duties, Income Levies, Deductions, Operations (but that might have some initial problems)
- DRC = Department for Revenue Collection
- P I N C H - Processing Income Now Creates Help (...for tomorrow)
- Crown Revenue Service
- British Revenue Services
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