The losses, reported in the Financial Times to be £2bn, will come as an embarrassment to Customs’ chief Richard Broadbent, who recently reorganised Customs’ senior management team.
Announcing the move in April, Customs’ bosses said the reshuffle was designed to improve accountability and communication to ministers and the public.
The latest embarrassment follows criticism from Sir Richard Scott in the arms-to-Iraq affair and a probe which found extensive errors in a collapsed Customs’ drug-smuggling prosecution.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy