Search results for 'Tax and revenue'

Showing 101 - 120 of 198 results

  1. Progress with VFM savings and lessons for cost reduction programmes

    Report Value for money

    Published on:

    This report looks at how much the Treasury’s Value for Money savings programme has improved value for money across government. The programme aims to achieve government-wide annual savings of £35 billion from 2008-09 to 2010-11.

  2. HM Revenue & Customs 2020-21 Accounts

    Press release

    Published on:

    Gareth Davies, the Comptroller and Auditor General of the National Audit Office, has reported on the 2020-21 accounts of HM Revenue & Customs.

  3. HM Revenue & Customs: The Control and Facilitation of Imports

    Report Value for money

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    HM Revenue & Customs clears most imported goods quickly, and processes for submitting customs declarations and payments for non-EU imports are straightforward, says a report out today from the National Audit Office. The rate of physical checks at the UK border is below the EU average, however, and the number of audits of traders has […]

  4. Tackling the hidden economy

    Report Value for money

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    HM Revenue & Customs achieved a return of around £4.50 for every £1 spent on tackling the hidden economy in 2006-07 and recent campaigns to encourage people into the formal economy have achieved much higher returns. But, according to the National Audit Office, the penalties the Department imposes when it detects people in the hidden […]

  5. HM Revenue & Customs: Accuracy in processing Income Tax

    Report Value for money

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    Income tax is processed accurately in the majority of cases by HM Revenue & Customs, but errors in processing lead to the wrong amount of tax being paid by around 1 million taxpayers, the NAO says today. In a new report to Parliament, the spending watchdog points out that HMRC accurately calculates the right amount […]

  6. Helping individuals understand and complete their tax forms

    Report Value for money

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    Making forms and guidance easier to obtain and understand should help to reduce the unintentional errors by taxpayers and result in more accurate tax assessments. A report from the National Audit Office today proposes improvements which build on changes already introduced by HM Revenue & Customs. Taxpayers can obtain forms and guidance from HM Revenue […]

  7. HM Revenue & Customs: Management of Tax Debt

    Report Value for money

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    HMRC has improved how it manages debts owed to it by taxpayers, according to a report by the National Audit Office. The amount of money owed has reduced from 4.3 per cent of tax collected in 2005-06 to 3.8 per cent in 2007-08. The age of the direct tax debt has also reduced. Over the […]

  8. Environmental tax measures

    Press release

    Published on:

    This report examines how HM Treasury and HMRC manage tax measures that have an impact on the environment.

  9. Management of large business corporation tax

    Report Value for money

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    HMRC has made progress in changing the way it deals with Corporation Tax for the largest businesses in the UK, the NAO says today, but there are ways in which it can improve, particularly in focusing on higher amounts of tax at risk. That was the main finding in today’s report to Parliament which recognises […]

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

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    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 […]

  11. Vehicle Excise Duty Accounts 2006-07

    Report Financial audit

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    The evasion of road tax by motorists and motorcyclists has increased significantly, the National Audit Office has reported. According to the Department for Transport’s roadside survey in June 2006, Vehicle Excise Duty evasion was running at some 5 per cent (£217 million), up from 3.6 per cent (£147 million) the previous year. The Driver and […]

  12. HM Revenue & Customs’ estate private finance deal eight years on

    Report Value for money

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    By transferring ownership or leases of around 60 per cent of its estate (591 properties) to a private contractor, Mapeley, in 2001, the Inland Revenue and HM Customs & Excise planned to reduce their running costs and had the opportunity to save up to £1.2 billion by reducing the size of the estate. However, in […]

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

    Report Financial audit

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    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. […]

  14. Filing of Income Tax Self Assessment Returns

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    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 […]