Search results for 'Money and tax'

Showing 161 - 180 of 259 results

  1. Department for Work and Pensions: Management of benefit overpayment debt

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    Today the National Audit Office has reported that the Department for Work and Pensions increased recoveries of benefit overpayments from £180 million in 2005-06 to £272 million in 2007-08, and preliminary results suggest that the Department has achieved its recovery target of £279 million for 2008-09. But recoveries are not keeping pace with the rate […]

  2. HM Revenue & Customs: Management of Tax Debt

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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 […]

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

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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 […]

  4. Helping individuals understand and complete their tax forms

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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 […]

  5. Good practice in tackling external fraud

    Insight Good practice guides

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    The purpose of the guide is to demonstrate and explain some of the good practices used by organisations in tackling external fraud. It includes checklists to help you assess your current practices.

  6. HM Revenue & Customs 2020-21 Accounts

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

  7. Management of large business corporation tax

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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 […]

  8. Tackling the hidden economy

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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 […]

  9. Environmental tax measures

    Press release

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

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

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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 […]

  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. Investigation into the Bounce Back Loan Scheme

    Press release

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

  13. 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 […]