farm subsidies to golf courses, horse-breeding businesses and railroad companies
are among the inadvertent result of reforms to EU’s Common Agricultural Policy,
designed to modernise the trading bloc’s agricultural support policy,
highlighted in an official audit of the EU’s €106.6bn (?75bn) budget for 2006.
Court of Auditors has refused to sign off on the EU’s overall accounts,
because of deficiencies in bookkeeping. They found at least 12%, or about
€3.9bn, of the EU’s €32.4bn regional aid programme, had been misspent.
Auditors noted a big jump in the number beneficiaries to whom direct aid was
paid – up 55,597 in Germany, to 386,237 over the 12 months to 2005. In England,
the rise was 46,469 to 116,500.
‘The court has also noted among them railway companies (England), horse
riding/breeding clubs (Germany and Sweden) and golf/leisure clubs and city
councils (Denmark and England),’ the document stated.
Because of the switch from production-based subsidies to direct payments, the
payments will be redistributed to landowners – not farmers – who will see the
value of their entitlements multiplied by four in Denmark and Germany and
tenfold in England, the court predicts.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed