Parliament reverberated to the sounds of reports criticising accounts and
accounting systems this week as they were rushed out before MPs headed off for
their summer break.
The Commons public accounts committee turned on Home Office accounts for its
financial control and its failure to produce accounts on time. PAC chairman
Edward Leigh said: ‘It has failed in its obligation to present to parliament
properly audited financial accounts.’
Though Whitehall departments usually take the brunt of financial criticism,
the House of Commons itself came under pressure after the National Audit Office
qualified the accounts which cover MPs’ salaries and expenses.
Though the accounts represented a true and fair view they also saw
overspending of £900,000.
NAO chief Sir John Bourn said that a proposal had been made for a special
vote in parliament for funds to cover the cost.
The qualification is thought to be serious because of the example set to
government departments and quangos, which struggle to produce acceptable
accounts on time.
"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