The triumph for MoD accountants comes after six years of accounting failures
following the introduction of resource accounts. Defence chiefs had struggled
with some of the more difficult aspects of resource accounting such as the idea
that scrapping Harrier aircraft early to save cash actually pushed the
department deeper into the red because it required more rapid writing-off of the
The advance in the timetable follows a push by the Treasury to secure
publication of all government accounts before parliament’s summer recess.
The Home Office has succeeded the MoD as the department in deepest trouble
over its accounts followed by the Foreign Office.
Last month the Home Office permanent secretary, Sir David Normington, told
the Commons public accounts committee that it would take time to rectify. ‘It is
hard to ensure we can provide proper accounts for 2005-06,’ he said.
John Reid was challenged to set a date for the publication of accounts by
Liberal Democrat home affairs spokeswoman Lynne Featherstone.
Meanwhile, the Treasury said the Whole of Government Accounts programme ‘is
providing an additional and valuable perspective on the public finances’.
"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