The National Audit
Office has been hit with a £97,500 tax bill going back six years after
failing to declare the chauffeur-driven car of Sir John Bourn as a taxable
The tax bill on the £102,500 benefit has been paid out of the NAO budget.
An interest bill of £2,000 will also be met, while the NAO has set aside
£6,000 for a penalty payment.
The figures emerge from the remuneration report of the NAO’s 2007/08
accounts, which also disclose that benefits declared by Sir John in relation to
his wife’s travel on official trips had been increased by £5,300.
The tax investigation follows revelations in
magazine over Sir John’s chauffeur-driven car.
Exposure of the tax investigation may prove embarrassing for new auditor
general Tim Burr, who sat on the audit committee for the period covered.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory