Do I need to create trunk/branches/tags in a Mercurial repository?

When creating a repository on our central server, do I need to create the folder structure of trunk/branches/tags or开发者_如何学编程 does Mercurial take care of all that?

Nope, don't do it.

You don't need them in Mercurial.

Edit: in Mercurial, tags and branches are first-class citizens. They get treated differently, whereas they're pretty much the same in Subversion.

You might want to read about branches and named branches, and also this discussion here on SO.