Showing 1681 - 1700 of 2673 results

  4. HMRC’s approach to collecting tax from high net worth individuals

    Report Value for money

    Published on:

    HMRC has a special unit to collect tax from high net worth individuals who are those with assets of £20m or more. While this special unit gives it a better understanding of the tax affairs and behaviours of these taxpayers it needs to evaluate what approaches are the most effective and to understand the outcome it achieves.

  5. HMRC: The efficiency of National Insurance administration

    Report Value for money

    Published on:

    HMRC has taken significant steps to improve the efficiency of National Insurance administration, but needs to demonstrate more clearly that it is providing value for money from the £350 million it spends each year and take advantage of opportunities to secure further savings.

  6. HMRC The compliance and enforcement programme

    Report Value for money

    Published on:

    A major HMRC programme to improve the way it tackles evasion delivered £4.32 billion of additional tax yield, reduced staff numbers and improved compliance work. However the Department is not yet exploiting the full potential of its new systems.

  7. HMRC customer service

    Report Value for money

    Published on:

    Customers cumulatively spent 798 years on hold waiting to speak with HM Revenue & Customs (HMRC) in 2022-23.

  9. HM Treasury’s 2014-15 Annual Report and Accounts

    Report Financial audit

    Published on:

    This is the fifth report on HM Treasury’s Annual Report and Accounts. It details the Comptroller and Auditor General’s assessment of audit risk arising from the Treasury’s major financial stability and wider economic support schemes. The number of bodies within the scope of HM Treasury’s financial statements continues to grow and the balance of risks is shifting from the Treasury’s financial stability schemes towards its broader role of supporting the economy.

  10. HM Treasury’s 2013-14 Annual Report and Accounts

    Report Financial audit

    Published on:

    The National Audit Office has today reported on HM Treasury’s 2013-14 Annual Report and Accounts. The report provides an overview of the context in which the Comptroller and Auditor General has carried out his audit of the Treasury’s 2013-14 financial statements; and details of his assessment of audit risk arising from the Treasury’s major financial stability and wider economic support schemes.

  11. HM Treasury: The nationalisation of Northern Rock

    Report Value for money

    Published on:

    The NAO has reported that the nationalisation of Northern Rock in early 2008 offered the best prospect of protecting the taxpayers’ interests and was based on a sufficiently robust analysis of the options available. However, the Treasury was stretched to deal with a crisis of this nature and there were lessons to be learned. In […]

  12. HM Treasury: The Asset Protection Scheme

    Report Value for money

    Published on:

    The Treasury’s Asset Protection Scheme to protect over £280 billion of Royal Bank of Scotland’s financial assets against losses had a beneficial impact on financial markets. But the Scheme has, so far, only been partially successful in encouraging lending to creditworthy borrowers on the scale originally envisaged.

  14. HM Treasury: Exchange Equalisation Account 1997-98

    Report Financial audit

    Published on:

    Sir John Bourn, head of the National Audit Office, today reported to Parliament on the financial statements of the Exchange Equalisation Account (EEA), which holds the UK’s official reserves of gold and foreign currencies. The accounts for 1997/98 are the first to be published. Sir John’s opinion on the accounts was unqualified but in his […]

  15. HM Treasury Resource Accounts 2012-13

    Report Financial audit

    Published on:

    The National Audit Office has today reported on progress in the Treasury’s interventions to maintain financial stability, its wider support for the economy, its capacity to respond to future financial crises, and new reporting developments.

  16. HM Treasury Resource Accounts 2011-2012

    Report Financial audit

    Published on:

    The National Audit Office has today given an update on the financial support provided by the Treasury to the UK banking sector – how much support has been provided, how much is still outstanding and how much it is costing the taxpayer.

  17. HM Treasury Resource Accounts 2008-09: Report by the Comptroller and Auditor General to the House of Commons

    Report Financial audit

    Published on:

    The Comptroller and Auditor General, the head of the National Audit Office, today reported to Parliament that he has qualified his audit opinion on HM Treasury’s Resource Accounts for 2008-09.  This was because, in that year, HM Treasury incurred expenditure of some £24 billion more than Parliament had authorized. This arose because of the need […]

  19. HM Revenue and Customs: Progress on reducing costs

    Report Value for money

    Published on:

    In 2011-12 HMRC maintained its performance while reducing staff and spending but it is too early to tell what the long-term impact of cost reduction will be.

  20. HM Revenue and Customs: Handling telephone enquiries

    Report Value for money

    Published on:

    HM Revenue and Customs’ performance in answering telephone calls in 2008-09 was well below its own targets and industry standards, the National Audit Office has reported today. In its Customer Contact Directorate, which answers 95 per cent of calls to the Department’s contact centres, only 57 per cent of 103 million call attempts were answered, compared […]