Normally the NAO only looks at the effectiveness of PFI deals once they have been completed. It has examined eight PFI projects so far. In a report published on 13 August, however, the office seeks to convince civil servants and private sector partners that it is fully supportive of the initiative.
‘The NAO have consistently stated they will not stand in the way of well thought out innovation and risk taking,’ according to the report.
The NAO report is a further step within Whitehall to make the PFI process more transparent. In July, the Treasury finally published accounting rules for PFI deals, a move welcomed by business and the profession as clearing up the confusion surrounding public-private partnerships. The Commons Public Accounts Committee has launched its own inquiry into PFI deals.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia