The UK has been accused by the European Union’s top budget official of
creative accounting in an attempt to keep its hotly-contested rebate.
Lithuanian budget commissioner Dalia Grybauskaite launched a stinging attack
on the government, saying it misrepresented its contribution to the EU, less
than a month before a critical summit on the budget convenes.
Grybauskaite said that for the last 20 years the UK had accepted that customs
receipts were part of the EU’s direct revenues and did not count as national
‘Now the British Treasury integrates that and inflates its payments in an
extraordinary way,’ she said.
Grybauskaite added that the UK showed ‘statistical creativity’ by using its
figures for budget commitments, not all of which are spent in any given year,
rather than actual payments, according to Reuters.
"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