Glossary
H
H M Revenue and Customs (HMRC)
Her Majesty’s Revenue and Customs (HM Revenue and Customs or HMRC)[3] is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support and the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Hiatus Period
In an insolvency context, a hiatus period is the period between an instruction of an Insolvency Practitioner in relation to a company insolvency and the actual appointment, where the directors still have a control of the company and are responsible for any actions they take.
