Search results for 'Tax and revenue'

Showing 121 - 140 of 198 results

  1. 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 […]

  2. 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 […]

  3. 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 […]

  4. 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.

  5. 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 […]

  6. 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 […]

  7. 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’ […]

  8. Corporation Tax: Companies managed by HM Revenue and Customs’ Area offices

    Report Value for money

    Published on:

    The management of Corporation Tax by HM Revenue and Customs’ Area offices has improved in recent years, according to the National Audit Office. However, the variations in performance across offices offer scope for further savings in the costs of managing the tax and generating additional tax revenue. The Department’s Area offices administer Corporation Tax for […]

  9. 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 […]

  10. Tax measures to encourage economic growth

    Press release

    Published on:

    Although government provides billions in tax reliefs each year to encourage growth, it does not monitor or evaluate them closely enough.

  11. Managing tax compliance following the pandemic

    Press release

    Published on:

    This examines the extent to which HMRC is well-placed to manage its compliance work following the pandemic, including future risks and challenges.

  12. 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 […]

  13. National Insurance Fund Account 2003-04

    Report Financial audit

    Published on:

    Head of the National Audit Office Sir John Bourn today reported to Parliament on the National Insurance Fund (GB) account 2003-2004. This account is the responsibility of the Inland Revenue and benefit payments are made from the Fund by the Department for Work and Pensions. Sir John has qualified the National Insurance Fund Account in […]

  14. 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 […]

  15. Inland Revenue: Inheritance Tax

    Report Value for money

    Published on:

    The Inland Revenue has in recent years improved the way it checks compliance with Inheritance Tax. It has also done a great deal to reduce the burden on those who have to sort out the tax affairs of an estate when someone dies. Today’s report from head of the NAO Sir John Bourn highlights ways […]