The economic downturn has been largely responsible for a £21.7 billion reduction in taxes and duties collected by HM Revenue and Customs (HMRC) in 2008-9, according to a report released today by the National Audit Office. Income Tax and National Insurance contributions fell by £5.7 billion; revenue from VAT fell by £6.4 billion (partly reflecting […]
The Comptroller and Auditor General, Sir John Bourn, today reported to Parliament the results of his examination of the 17 Summarised Accounts* which cover the financial activities of the National Health Service in England, with an annual budget of some £36 billion. Sir John’s opinion on each of the summarised accounts is unqualified. His report […]
Sir John Bourn, head of the NAO, today issued his audit certificate on HM Revenue & Customs 2006-07 Trust Statement of revenues. Sir John was able to issue an unqualified audit opinion on the truth and fairness of the Trust Statement, but in common with 2005-06, issued a qualified opinion on regularity due to levels […]
Sir John Bourn, the head of the National Audit Office, today reported to Parliament on the financial management of European funds. The European Commission has made some headway in implementing its programme of reforms, but it is too early to say how successful they will be in reducing levels of error and fraud. Sir John’s […]
Sir John Bourn, head of the National Audit Office, reported to Parliament today on the overall results of the National Audit Office’s 1998-99 examination of the systems which HM Customs and Excise and the Inland Revenue have put in place to secure an effective check on the assessment, collection and allocation of revenues. He reported […]
Sir John Bourn, the Head of the National Audit Office, today reported to Parliament on the need to strengthen the financial management of European funds and tackle fraud and irregularity, and on the far-reaching programme of reform that the European Commission is seeking to implement over the next two years. Sir John’s report highlights the […]