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05 Mar 2010
The taxman has reported it lowest annual receipts since 2004/2005.
HM Revenue & Customs brought in £397bn for 2009/2010, compared to £439bn a year earlier.
VAT and corporation tax receipts tumbled, to £67bn and £33bn respectively, from £78bn and £43bn. Income tax receipts fell to £134bn from £148bn.
The figures were consistent with those announced at the pre-Budget report, said HMRC.
Further reading:
Darling can’t afford a nakedly political Budget
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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