MPs have blamed ‘a serious failure in financial management’ for a £200m
deficit in the accounts of the Department for the Environment, Food & Rural
The accounting issues forced it to impose substantial budgetary cuts on a
series of agencies ranging from the National Forest Company to Food From
Britain, who were required to cut 8% from their planned expenditure in the
middle of the year.
Senor civil servants at the highest level were accused of being
‘irresponsibly over-optimistic’ about the supposed ‘generosity’ of the Treasury
and their ability to use its full End Year Flexibility and to switch resources
from non-cash to near-cash expenditure.
The Commons DEFRA Committee took evidence from permanent secretary Helen Gosh
and other of bureaucrats, and said this ‘complacency’ had severe un-planed-for
consequences for which it blamed their ‘self deception’.
The committee said only a small part of the deficit was due to un-planned-for
Avian Flu spending and the failure of its computerised single farm payment
"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