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. … Read more
“The changes being made by HM Revenue and Customs to simplify income tax self assessment returns should ease the burden for many taxpayers in completing their returns and reduce costs for the Department. It is essential that these changes go hand in hand with more accurate processing of people’s tax affairs by the Department. No less important is that those who persistently fail to submit their tax returns be brought to book. Today’s report is designed to help achieve this as well as improvements in the efficiency of the Department’s operations. “
22 Jun 2005
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 … Read more
1 Jun 2005
7 Apr 2005
“I warmly welcome the steps being taken by the Treasury and departments to improve the professionalism of the finance function. The timely submission of accounts is still a problem for many departments, however. Fundamental to the success of faster closing is the recognition that producing accounts is not something which is left to the end of the year. Robust, accurate and timely financial information is pivotal to improved resource planning. It should be something that departments produce and utilise throughout the financial year.
“The National Audit Office will continue to work with audited bodies to help achieve better financial management and timelier external financial reporting.”
24 Mar 2005
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 … Read more
“Customs has made progress in implementing the recommendations of the Public Accounts Committee in its 2000 report on gambling duties. The introduction of the gross profits tax has also been successful in persuading the largest bookmaking firms to continue to base their core operations in the UK, thereby protecting revenue and industry jobs.
“The challenge for Customs now is to keep pace with and develop its expertise to deal with new forms of electronic gambling. It should also complete its work on measuring the tax gap for gambling duties to ensure resources are targeted on the areas of loss.”
14 Jan 2005