TaxPersonal TaxRevenue report released two months late

Revenue report released two months late

The Inland Revenue today explained it was two months late publishing its latest annual report after having to wait for figures for its resource accounts section.

A spokesman for the Revenue said the delay in the report – published late last Friday – was caused by the wait for the figures included in Appendix 1, and which have not been included in previous accounts.

The Revenue published its previous figures in November 1999. ‘We had hoped to publish the report in November again, but had to wait for the figures for the new section,’ the spokesman added.

Highlights from the report, which covered the financial year to 31 March 2000, included total collections from national insurance, tax and duties of £212,856m up from £195,885m in the previous year.

The cost of collecting each pound was 1.10 pence in the year to March 2000, an improvement on the 1.33 pence the year before.

Also completed during the 1999/2000 tax year was the replacement of most of its IT infrastructure – the biggest roll-out of its kind in Europe.

Links

Inland Revenue annual report

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter