Search results for 'Money and tax'

Showing 181 - 200 of 252 results

  1. 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 […]

  2. VAT on e-commerce

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    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 […]

  3. Tackling the tax gap

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

  4. National Insurance Fund Account 2004-05

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    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 […]

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

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    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 […]

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

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    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’ […]

  7. Green Homes Grant Voucher Scheme

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

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

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    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 […]

  9. HM Customs and Excise: Gambling Duties

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    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 […]

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

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    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 […]

  11. Inland Revenue: Inheritance Tax

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    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 […]

  12. Her Majesty’s Revenue & Customs annual accounts 2017-18

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    Amyas Morse, the Comptroller and Auditor General (C&AG) of the National Audit Office, has reported on the 2017-18 accounts of HM Revenue & Customs. His report focuses on tax revenue; Personal Tax Credits and Child Benefit error and fraud; and HMRC’s digital transformation programme.

  13. National Insurance Fund Account 2003-04

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    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. The Recovery of Debt by the Inland Revenue

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    According to a report today by the head of the National Audit Office, Sir John Bourn, the Inland Revenue have improved the way they recover debts in recent years but they could make further improvements to reduce debts owed by taxpayers. The Inland Revenue collected £219 billion in tax and National Insurance Contributions in 2002-03. […]