Search results for 'Money and tax'

Clear all filters

Showing 181 - 200 of 262 results

  1. Investigation into the Bounce Back Loan Scheme

    Press release

    Published on:

    This investigation describes the scheme’s purpose and how it functions, performance to date, and how government manages value-for-money risks.

  2. Financial Auditing and Reporting: General Report of the Comptroller and Auditor General 2004-05

    Report Value for money

    Published on:

    Government departments are continuing to make progress in improving the quality and timeliness of their accounts which they submit for audit. However, according to head of the National Audit Office Sir John Bourn, a large number of departments will need to make significant further effort if they are to meet the Treasury’s timetable for the […]

  5. Vehicle Excise Duty Account 2005-06

    Report Financial audit

    Published on:

    Sir John Bourn, Head of the National Audit Office, today reported to Parliament on the Vehicle Excise Duty (VED) accounts for 2005-06. The VED evasion rate increased from 3.4 percent in 2004 to 3.6 percent in 2005 (£147 million). This reversed the previous decrease, and the Driver and Vehicle Licensing Agency (DVLA) acknowledges that it […]

  6. HM Revenue & Customs 2005-06 Accounts: The Comptroller and Auditor General’s Standard Report

    Report Financial audit

    Published on:

    Sir John Bourn, head of the NAO, today published a report on HM Revenue and Customs’ (HMRC’s) accounts for the year 2005-2006. HMRC collected total revenue of some £404 billion. For the fourth year running, Sir John has qualified his opinion on the Trust Statement in respect of tax credits because of the likely level […]

  8. Comptroller and Auditor General’s Standard Report on the Accounts of the Inland Revenue 2004-05

    Report Financial audit

    Published on:

    Sir John Bourn, head of the NAO, today published a report on the Inland Revenue’s accounts for the year 2004-2005. The Inland Revenue collected some £256.9 billion in the year. Sir John confirmed that overall the Inland Revenue continued to secure an effective check over the assessment, collection and allocation of tax during the year. […]

  9. Helping newly registered businesses meet their tax obligations

    Report Value for money

    Published on:

    Newly registered businesses are more likely than established businesses to get their tax affairs wrong, but if they are helped to get it right first time they are likely to continue to comply in the future. A report from the National Audit Office today puts forward a series of recommendations to encourage improved compliance by […]

  10. Filing of Income Tax Self Assessment Returns

    Report Value for money

    Published on:

    The Department has stemmed the fall in the percentage of people filing their tax returns by the deadline, so that just over 90 per cent file their returns by the end of January each year, according to the National Audit Office. However, an estimated £1.1 billion of income tax was outstanding from 1.1 million overdue […]

  11. VAT on e-commerce

    Report Value for money

    Published on:

    The National Audit Office has today backed HM Revenue and Customs’ assessment that the overall risk to VAT revenue from on-line shopping, or e-commerce, is currently low. The Department has been alert to specific areas of risk which have emerged and is well-positioned to tackle these. As activity increases in this fast changing environment, it […]

  12. Comptroller and Auditor General’s Standard Report on the Accounts of HM Customs and Excise 2004-05

    Report Financial audit

    Published on:

    Sir John Bourn, head of the National Audit Office, today reported the results of his examination of HM Customs’ systems for the assessment, collection and allocation of tax revenue during the year ending 31 March 2005. In 2004-05 Customs collected £120.7 billion (net) in taxes and duties. Sir John’s report focuses on Customs’ work to […]

  13. National Insurance Fund Account 2004-05

    Report Financial audit

    Published on:

    Clarification Point 2 in the C&AG introduction (page 26), should read: “From April 2003 an additional one per cent National Insurance contribution has been collected and allocated directly to the National Health Service, bringing the total payments to the NHS to some £16.8 billion in 2004-2005 (£14.9 billion in 2003-2004).” Head of the National Audit […]

  14. Audit of HM Customs and Excise systems and accounts 2003-04

    Report Financial audit

    Published on:

    Sir John Bourn, head of the National Audit Office, today reported the results of his examination of HM Customs and Excises systems for the assessment, collection and allocation of tax revenue during the year ending 31 March 2004. In 2003-04 Customs collected £162 billion (gross) in taxes and duties. Sir John’s report focuses on Customs’ […]

  16. Financial Auditing and Reporting: General Report of the Comptroller and Auditor General 2003-04

    Report Financial audit

    Published on:

    Standards of accountability and probity in central government bodies remain high, according to head of the NAO Sir John Bourn. Departments have continued to make good progress in meeting the challenge of resource accounting and in improving the quality of accounts submitted for audit. Sir John also welcomed the progress made by departments in submitting […]

  17. Tackling the tax gap

    Press release

    Published on:

    This report examines the effectiveness of HMRC’s approach, in partnership with HM Treasury, in reducing the tax gap.

  18. HM Customs and Excise: Gambling Duties

    Report Value for money

    Published on:

    The introduction by Customs in 2001 of gross profits tax for betting has been a success in encouraging the biggest bookmaking firms to retain their core operations in the UK. The challenge now for Customs is to address the new risks to duty revenue posed by the use of new forms of gambling such as […]

  19. Green Homes Grant Voucher Scheme

    Press release

    Published on:

    This report examines the performance, implementation, procurement and management of the Green Homes Grant scheme.