Latest figures put out by the Office
for National Statistics have shown a decrease in public sector net borrowing
down to just £1.1bn in April 2007, against £2.8bn in April 2006.
An 10.6% rise in value added tax (VAT) receipts to £8.5bn, was the driving
force behind the improvement.
As a result, the current budget now has a surplus of £200m, compared with a
deficit of £900m in April last year.
The improved public finance performance is good news for
Gordon Brown before he takes over as prime minister.
"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