‘Local capacity to deliver timely public accounts and sustain independent
audit and parliamentary scrutiny of the executive, which can give the Foreign
Office confidence that risks are being adequately managed, remains highly
variable,’ said the National Audit Office.
The UK has sovereignty over 14 overseas territories, 11 of which are
permanently populated. Three of the territories run their accounts on an
accruals basis while others prefer to go by their cash position.
Data showed that 2005 was the last time six of the territories submitted an
To read the report go to nao.org.uk
"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