The UK Treasury recorded a record £6.3bn tax receipts surplus in July, more
than double the £2.7bn surplus recorded in the same month last year.
The current budget surplus was £4.4bn higher than a year ago at £8.4bn. Total
current expenditure climbed to £39.5bn in July, a rise of 5.6% on last year,
while total current receipts rose 11.4% to £48.2bn.
John Hawksworth, economist at PwC, said: ‘After generally disappointing
results in the first three months of 2006-07, bumper tax receipts in July look
to have put Gordon Brown broadly back on course to meet his Budget forecasts for
the public finances.’
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution