The Treasury had to borrow a net £7.8bn in December to tide itself over as
the chasm between its spending and the amount brought into its coffers expanded
to record proportions.
The monthly deficit was £5.1bn for the last month of 2007 which eclipsed all
previous Decembers and was £1.4bn higher than the same month last year,
for National Statistics figures showed.
Net borrowing for the financial year to date climbed to £43.6bn, £11.4bn more
than in the same nine months in 2006-07 significantly more than Mr Darling’s
full-year forecast of £38bn for 2007-08.
"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