Topic filter : National Audit Office

Most trending topics in Business & Finance ( last 24 hours ):
London Stock Exchange Merger Stock Exchange Philip Green Topshop Samsung Galaxy Samsung Losing Business Bankruptcy Protection Bankrupt Nuclear European Commission Commission Euro Pension Life Expectancy World Cup Pound Sponsorship Sponsor Loss Pre-tax Loss Advertising Newspaper More Expensive Brexit Development Project Investment Donald Trump Mortgage Bank Of England Credit Card Wall Street Dollar Holiday High Street Poundland Stock Market Inflation Employment UK Business

Socially Most Trending News

....At least £3bn in child maintenance payments ordered by the former Child Support Agency (CSA) may never be paid, the Whitehall spending watchdog has said. According to a National Audit Office (NAO) report, three-quarters of the £4bn in payments owed by absent parents – some dating back more than 20 years – are considered “uncollectable” by the Department for Work and Pensions. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 05:01:19 AM
Total Trend count
5
Most trending on :
5

Latest Finance News related to National Audit Office

Watchdog finds £3bn in child support arrears may never be collected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:01:19 AM
....At least £3bn in child maintenance payments ordered by the former Child Support Agency (CSA) may never be paid, the Whitehall spending watchdog has said. According to a National Audit Office (NAO) report, three-quarters of the £4bn in payments owed by absent parents – some dating back more than 20 years – are considered “uncollectable” by the Department for Work and Pensions. ...
Thames Water hit with record £20m fine for huge sewage leaks image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:49:38 AM
....Water companies have been frequently criticised for making huge profits and awarding large shareholder dividends while paying little or no corporation tax. In October 2015, the National Audit Office found that an £800m windfall for water companies had not been passed on to consumers. ...
Green Investment Bank sell-off racks up at least £1m in fees image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:10:32 PM
....”. The BEIS said: “As with any asset sale, government has engaged external advisers through a competitive process to provide us with access to additional expertise, in line with [National Audit Office] recommendations on best practice. ...
Prospect of £1.7bn fine looms large over PM's talks with EU leaders image
Source : Guardian [Read Article] Wednesday 8th of March 2017 10:30:19 PM
.... This is down to a fraud being conducted by overseas traders. Many people, including myself, are concerned, which is why I asked the National Audit Office to investigate. ...
Just one in five complaints about potential mis-sold PPI  made so far image
Source : Guardian [Read Article] Thursday 2nd of March 2017 05:36:47 PM
....2bn in compensation to customers. More than 12m customers received payouts between April 2011 and November 2015, according to the National Audit Office. ...
HMRC criticised over spiralling payments to outsourcing firm image
Source : Guardian [Read Article] Tuesday 17th of January 2017 12:01:23 AM
....Despite increasing complaints from benefit claimants, Concentrix was paid £23m in commission after its rates were raised from 3. 9% to 11%, a report from the National Audit Office states. ...
Thousands of HMRC staff may have to move up to 174 miles image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:02:48 AM
....Up to 38,000 staff from HM Revenue and Customs (HMRC) will be expected to move large distances as part of a reorganisation, a report has found. Some may need to relocate by up to 174 miles if they want to keep their jobs, the National Audit Office (NAO) said. ...
Just how old is your train carriage? image
Source : BBC [Read Article] Wednesday 28th of December 2016 11:22:09 AM
....". Last month, the National Audit Office warned that delays in electrification of the Great Western rail line could mean passengers in the North and West of England may have to wait longer for newer trains. ...
Computer error blamed for HMRC blunder in Scotland image
Source : Guardian [Read Article] Monday 19th of December 2016 06:54:44 PM
. A computer error meant that 420,000 individuals who should be paying the new Scottish rate of income tax were not told of their changed status, the National Audit Office has found. ...
UK failing to keep up with online consumer fraud, NAO warns image
Source : Guardian [Read Article] Thursday 15th of December 2016 12:01:25 AM
. The UK is failing to keep up with online fraud, and systems to protect shoppers from scams do not yet provide value for money, the National Audit Office has warned. ...
Letter to Nissan about Brexit could be made public, MPs are told image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:36:20 PM
.... Labour has criticised the government for not releasing its letter to Nissan, insisting it could have done a secret deal with the company. The Office for Budget Responsibility (OBR) revealed last month that the government had refused to confirm whether any financial commitments were made to Nissan, although the head of the National Audit Office said earlier this week that he had read the letter and there was “no identifiable contingent liability”. ...
Italian banks are living on borrowed time … and money image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:30:32 PM
....Encouraging news: the UK did not incur an “identifiable contingent liability” when the government gave assurances to Nissan that the carmaker’s new investments in this country would not suffer after Brexit. So says Sir Amyas Morse, the head of the National Audit Office, in a letter to Andrew Tyrie, head of the Treasury select committee. ...
Cuts undermining fire services, says Fire Brigades Union image
Source : BBC [Read Article] Sunday 11th of December 2016 02:23:43 AM
....Budget cuts are slowly undermining the effectiveness of fire services in England and Wales, the head of the Fire Brigades Union (FBU) has said. Fire services' budgets in England have been cut by 17% since 2010, according to National Audit Office figures. ...
HMRC chief calls for tax crackdown on Premier League footballers image
Source : Guardian [Read Article] Wednesday 7th of December 2016 08:08:13 PM
.... This is because they can qualify for the UK’s special “non-domicile” tax status – meaning image rights income channeled offshore does not have to be declared to HMRC. Tax bosses were giving evidence to MPs after the National Audit Office last month published a detailed assessment of how thorough tax inspectors deal with the super-rich. ...
So, Mike Ashley, can  we handle the truth? image
Source : Guardian [Read Article] Sunday 4th of December 2016 07:00:07 AM
....HMRC estimates that its specialist unit dedicated to collecting tax from high-net-worth individuals clawed back £416m last year – money that millionaires had tried all sorts of creative ruses to avoid paying. Still, the National Audit Office reckons that tax inspectors have identified potential evasion and avoidance worth nearly £2bn by Britain’s richest. ...
MP asks spending watchdog to investigate Nissan Brexit deal image
Source : Guardian [Read Article] Thursday 1st of December 2016 04:21:20 PM
....Whitehall’s spending watchdog could investigate the deal to keep Nissan making cars in north-east England, following a demand from the chair of an influential parliamentary committee. Andrew Tyrie, chair of the Treasury select committee, has written to the National Audit Office (NAO) asking for an inquiry into any assurances offered by the government to the Japanese car giant. ...
UK fuel poverty to last a lifetime, report says image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....The UK is lagging behind the rest of the world on energy efficiency measures such as insulation, according to NEA. The Committee on Climate Change recently said the UK has “no action plan” to improve energy efficiency, while the National Audit Office has lamented the lack of investment. ...
Great Western rail modernisation costs rocket, says NAO image
Source : BBC [Read Article] Wednesday 9th of November 2016 12:02:26 AM
....The government has been blamed for huge extra costs and lengthy delays to the modernisation of the Great Western railway network in England and Wales. The National Audit Office (NAO) says the estimated cost of the project since 2013 has shot up by £2. ...
Great Western line electrification 'deferred' amid cost overruns image
Source : Guardian [Read Article] Tuesday 8th of November 2016 12:59:15 PM
.... These are electrification of tracks between Oxford and Didcot Parkway, between Bath Spa and Bristol Temple Meads, between Bristol Temple Meads and the city’s Parkway station, and of the Thames Valley branch lines to Henley and Windsor. The move came the morning before a critical report from the National Audit Office, which warned that there remained significant risks in the Great Western modernisation programme, including problems with information and management. ...
Taxpayer bailouts for banks 'too big to fail' to end by 2022 image
Source : BBC [Read Article] Tuesday 8th of November 2016 12:36:11 PM
....The then chancellor, Alistair Darling, said at the time that RBS had been within just a couple of days of having to shut down its ATM machines because it was about to run out of cash. At one point, the direct government subsidy to the entire UK banking industry reached more than £1tn, according to the National Audit Office. ...
HMRC chasing £1.9bn tax from UK's richest people image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:11:03 AM
....HMRC is chasing almost £2bn that is potentially owed in taxes by the UK's richest people, according to the public spending watchdog. The National Audit Office said HMRC's specialist unit recovered £416m in 2015 from 6,500 "high net worth individuals" with wealth of more than £20m. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 22nd of October 2016 06:00:09 AM
....Jeremy says. As I am sure you are aware, the part-privatisation of the probation service has not been without its critics, and the National Audit Office, among others, has raised a number of concerns. ...
Green subsidies to push UK energy bills higher than planned image
Source : Guardian [Read Article] Tuesday 18th of October 2016 05:01:29 AM
....1bn because so much green energy was being deployed. The National Audit Office revised this down on Tuesday to £8. ...
Single body to advise public on pensions and debt image
Source : BBC [Read Article] Sunday 9th of October 2016 12:26:01 AM
....It came under fire for duplicating work already provided in the private and charitable sectors and for failing to reach those who needed its help the most. Inquiries by the Commons Treasury Select Committee and National Audit Office raised questions about the value for money and effectiveness of its consumer finance education role. ...
Only three out of 700 firms prosecuted for paying below minimum wage image
Source : Guardian [Read Article] Wednesday 28th of September 2016 05:00:56 AM
....The business minister, Margot James, who has responsibility for the enforcement of low pay laws has conceded that the prosecution rate is “a small number” and is “an issue that causes me concern”. According to the National Audit Office, the number of workers identified as being owed arrears more than doubled from 2014-15 to 2015-16, rising from 26,000 to 58,000. ...
Right to buy: one-for-one replacement pledge not being met, data suggests image
Source : Guardian [Read Article] Thursday 22nd of September 2016 06:16:00 PM
....The number of new homes created under the government’s flagship right-to-buy scheme is nowhere near the amount needed to deliver its headline “one for one” promise, the latest figures suggest. A fivefold increase is needed just to keep pace with homes sold in 2014-15, according to the National Audit Office (NAO). ...
Reality Check image
Source : BBC [Read Article] Wednesday 7th of September 2016 02:18:43 PM
....The claim: Only one new house has been built for every five council houses sold under the right-to-buy policy, not one for one as was promised. Reality Check verdict: The promise was kept for the first year of the revamped right to buy, but the National Audit Office has warned that acquisitions and building will have to accelerate sharply if the government is to continue to keep that promise. ...
Apprenticeships plan 'needs to be linked to economy' image
Source : BBC [Read Article] Monday 5th of September 2016 11:38:17 PM
....The government's multi-billion pound apprenticeships scheme needs to be more strategically linked to its plans for economic growth, a report says. The National Audit Office says the government's plans for three million new apprenticeships in England by 2020 should be honed to meet skills gaps. ...

BBC to deploy detection vans to snoop on internet users
 image
Source : Telegraph [Read Article] Friday 5th of August 2016 09:00:00 PM
.... However, the BBC insists that its inspectors will not be able to spy on other internet browsing habits of viewers. The existence of the new strategy emerged in a report carried out by the National Audit Office (NAO). ...
PPI claims - all you need to know about the mis-selling scandal image
Source : Guardian [Read Article] Tuesday 2nd of August 2016 12:32:07 PM
....The FCA will run a consultation until 11 October before finalising the rules. Consumer experts reckon that CMCs – which the National Audit Office estimates have received up to £5bn in commission from PPI payments – will make extra efforts to generate claims for consumers. ...

Chairman of new BBC board should be stripped of post, MPs say
 image
Source : Telegraph [Read Article] Monday 1st of August 2016 11:01:00 PM
....”. The MPs also urged the new culture secretary, Karen Bradley, to force through proposals to install the National Audit Office as the BBC’s official financial auditor, but said she should reduce the number of government appointees to the new BBC governing board. ...
Weekend tax credit and tax payment deadlines alert image
Source : BBC [Read Article] Friday 29th of July 2016 09:00:12 PM
....". HMRC has been criticised by MPs and the National Audit Office for waiting times for those trying to call at key times, but the tax authority said the service had now improved. ...
Hinkley Point image
Source : BBC [Read Article] Friday 29th of July 2016 04:35:40 PM
.... Between 2012, when the strike price was agreed with EDF, and last year, wholesale price forecasts have been cut by more than a fifth. The National Audit Office (NAO) said: "We estimate that the value of future top-up payments under the proposed HPC CfD have increased from £6. ...

Approving Hinkley Point would be signing a blank cheque for nuclear power 
 image
....In any case, a project of always questionable value to the UK economy has been left looking like a total white elephant by the collapse in the price of fossil fuels. The National Audit Office recently estimated that over the lifetime of the project, the extra cost to consumers of Hinkley’s output had risen from an already punishing £6. ...
Hinkley Point C image
Source : BBC [Read Article] Wednesday 27th of July 2016 11:19:26 PM
....But the government now expects future wholesale electricity prices to be lower than it forecast when it agreed the strike price in 2013. The National Audit Office says that as a result, the expected top-up payment by consumers has increased from £6. ...
EDF investors agree 4bn euros Hinkley Point fundraising image
Source : BBC [Read Article] Wednesday 27th of July 2016 01:20:39 AM
....Wholesale energy prices have fallen since the price was agreed, leaving the government to make up the difference. The UK's National Audit Office estimated future top-up payments would rise from £6. ...
Hinkley Point expected to 'get go-ahead' image
Source : BBC [Read Article] Thursday 21st of July 2016 11:09:24 PM
....Wholesale energy prices have fallen since the price was agreed, leaving the government to make up the difference. The UK's National Audit Office estimated future top-up payments would rise from £6. ...

NHS heavily criticised for lack of ambition to reduce bed-blocking
 image
Source : Telegraph [Read Article] Thursday 21st of July 2016 11:01:00 PM
....Studies have found that older people can lose up to five per cent of their muscle strength each day they stay in hospital, while research conducted in May estimated that approximately 6,000 patients are inappropriately stuck in hospital in England each day. The National Audit Office has said the practice costs taxpayers around £820 million each year. ...
Hinkley Point 'still worth the cost' as price tag soars image
Source : BBC [Read Article] Thursday 14th of July 2016 10:38:37 AM
....The government remains committed to building a new nuclear power station at Hinkley Point in Somerset, the new chancellor has said. Philip Hammond's vow came despite the rising potential cost to the government of the electricity it will produce, according to the National Audit Office. ...
HS2 has unrealistic timetable, says National Audit Office image
Source : BBC [Read Article] Monday 27th of June 2016 11:24:49 PM
. The HS2 high-speed rail project has an "unrealistic timetable" and faces major cost pressures, a report by the National Audit Office has said. ...
30-hour free childcare pledge in jeopardy, say MPs image
Source : Guardian [Read Article] Wednesday 15th of June 2016 07:48:57 AM
....”. The committee examined a National Audit Office report on the scheme and questioned witnesses including childcare providers. ...
Are England’s academies becoming a cash cow for business? image
Source : Guardian [Read Article] Sunday 12th of June 2016 08:00:18 AM
.... And the services were moved in-house in January. However, the Observer has learned that the entrepreneur’s commercial and charitable empire has become the focus of a review by the National Audit Office, the independent body that scrutinises government accounts for parliament, which has forwarded concerns to the government’s regulator. ...
BIS confirms Sheffield office will close with jobs moving to London image
Source : Guardian [Read Article] Thursday 26th of May 2016 01:34:10 PM
.... “It has been clear from the outset that centralising the department’s policy functions in the most expensive city in the country makes no financial sense,” he said. On 9 May, MPs approved a motion that called for the National Audit Office to conduct a cost-benefit assessment of the decision to close the BIS office in Sheffield. ...
NHS in England reveals £2.45bn record deficit image
Source : Guardian [Read Article] Friday 20th of May 2016 10:29:20 AM
....Trusts made “crisis-driven decisions” to use “accounting tricks”, such as selling assets, to disguise the true extent of their financial plight, said Tom Kibasi, director of the IPPR thinktank. He called for an investigation by the National Audit Office to ascertain the NHS’s true financial situation. ...
UK water companies receive record sewage leak fines image
Source : Guardian [Read Article] Thursday 12th of May 2016 01:00:34 PM
....Water companies have been frequently criticised for making billions of pounds in profits and awarding large shareholder dividends, while paying little or no corporation tax. In October 2015, the National Audit Office found that an £800m windfall for water companies had not been passed on to consumers. ...
MP criticises lengthy waits in some minimum wage complaints image
Source : Guardian [Read Article] Tuesday 10th of May 2016 11:01:43 PM
....Some of the UK’s poorest-paid workers are being made to wait months for wages they are legally entitled to, auditors have said. The National Audit Office (NAO) examined the way HM Revenue and Customs has dealt with employers’ non-compliance with the national minimum wage. ...
MP criticises lengthy waits in some minimum wage complaints image
Source : Guardian [Read Article] Tuesday 10th of May 2016 11:01:43 PM
....Some of the UK’s poorest-paid workers are being made to wait months for wages they are legally entitled to, auditors have said. The National Audit Office (NAO) examined the way HM Revenue and Customs has dealt with employers’ non-compliance with the national minimum wage. ...
Ultimate owners of UK property may be forced into spotlight image
Source : Guardian [Read Article] Wednesday 20th of April 2016 11:07:53 PM
.... This found “significant intelligence gaps”, particularly in relation to high-end money laundering in major frauds and serious corruption cases where the proceeds are often held in bank accounts, property or other investments rather than cash. A recent National Audit Office investigation found that £155m was collected in confiscation orders in 2014-15 from convicted criminals, but the total debt outstanding from confiscation orders stood at £1. ...
Green Deal 'cost £17,000' per household image
Source : BBC [Read Article] Thursday 14th of April 2016 08:17:25 AM
....The Green Deal - the government's flagship energy-saving programme - cost taxpayers £17,000 for each home that was improved, a watchdog has found. The National Audit Office (NAO) concluded that "the Green Deal has not therefore been value for money". ...
Bank bailout v Tata bailout – how the costs compare image
Source : Guardian [Read Article] Thursday 31st of March 2016 11:37:35 AM
.... Welsh steelworkers deserve no less | Michael Sheen. The National Audit Office reported that the peak level of support offered to the banks was as high as £955bn, at one point. ...
Nationalisation not the answer to steel crisis, says David Cameron image
Source : Guardian [Read Article] Thursday 31st of March 2016 09:08:29 AM
.... Undoubtedly,” he said. “The National Audit Office tells us that we put one thousand billion of British taxpayers’ money into the banks in order to secure their continued survival because the governments of the day thought it was important for the country as a whole and that’s precisely what we should be doing now. ...
Now is the perfect time for Cameron and Osborne to show their steel | Anne Perkins image
....How much, exactly, has gone into bailing out the banks and the financial sector over the past eight years. £40bn? £100bn? More? According to the National Audit Office, between 2007 and 2010, £1,162bn was made available, including loans and guarantees. ...
Here comes a tax rise that dare not speak its name | David Brindle image
Source : Guardian [Read Article] Tuesday 29th of March 2016 11:30:25 AM
....So we have spending cuts that aren’t called cuts and tax rises that aren’t called rises or indeed tax. How transparent is all this? There are signs that the spending watchdog, the National Audit Office (NAO), is starting to growl. ...
Money Advice Service to be abolished image
Source : BBC [Read Article] Wednesday 16th of March 2016 10:34:49 AM
.... . And two years ago the National Audit Office found the MAS was not always delivering value for money. ...
Doubts over EDF's Hinkley nuclear plan image
Source : BBC [Read Article] Saturday 12th of March 2016 04:00:07 PM
.... That is essentially the risk facing EDF and the French government. The dangers to the company's financial integrity are great enough to prompt EDF's chief financial officer to resign in protest, the French equivalent of the National Audit Office to issue stark warnings and French unions to lobby their members to vote against the project. ...
EDF 'confident' of Hinkley go-ahead image
Source : BBC [Read Article] Saturday 12th of March 2016 03:00:40 AM
.... That is essentially the risk facing EDF and the French government. The dangers to the company's financial integrity are great enough to prompt EDF's chief financial officer to resign in protest, the French equivalent of the National Audit Office to issue stark warnings and French unions to lobby their members to vote against the project. ...
Hinkley Point branded potentially risky for EDF by French auditor image
Source : Guardian [Read Article] Friday 11th of March 2016 09:29:18 AM
....EDF’s £18bn project to build nuclear reactors in Britain is potentially risky for the state-owned utility, whose foreign investments in recent years have proved disappointing, France’s top public auditor has said. In a report on EDF’s international strategy, the Cour des Comptes – the French equivalent of the UK’s National Audit Office – said EDF and its 85% state shareholding should take a close look at the risks associated with the project to build two nuclear reactors at Hinkley Point in Somerset. ...
Source : Reuters [Read Article] Thursday 3rd of March 2016 07:46:11 AM
....Lawmakers said taxpayers must not end up funding the retirement of people who have blown their pension pots. Britain's public spending watchdog, the National Audit Office (NAO), said this month the FCA could not be confident that its approach to tackling mis-selling was effective or represented value for money. ...
'Pension reforms won't be the next PPI' image
Source : BBC [Read Article] Wednesday 2nd of March 2016 06:35:59 PM
....MPs on the Public Accounts Committee started their inquiry into how the financial community has handled "mis-selling, regulation and redress" by asking the outgoing chief executive of the Financial Conduct Authority, Tracey McDermott, about their handling of the Payment Protection Insurance (PPI) scandal. The most recent figures from the National Audit Office show that from the beginning of 2011 to the end of December 2015 a total of £22. ...
Claims firms take 25% of PPI payouts image
Source : BBC [Read Article] Wednesday 24th of February 2016 12:15:33 AM
....2bn paid out for payment protection insurance (PPI) compensation. The National Audit Office said companies that handle such claims had taken between £3. ...
Pensions overhaul could trigger raft of mis-selling claims, warns watchdog image
Source : Guardian [Read Article] Wednesday 24th of February 2016 12:01:23 AM
....George Osborne’s pension overhaul could trigger the next major wave of mis-selling claims, according to a report by the public spending watchdog. The National Audit Office has highlighted concerns that freedoms introduced last April, which allowed pensioners to cash in their savings, could lead to widespread exploitation. ...
Three-quarters of civil service pension records are wrong or missing image
Source : Guardian [Read Article] Thursday 11th of February 2016 12:03:01 AM
....More than three-quarters of civil service pension records – 1. 25m – are incomplete or incorrect, according to a damning report by the National Audit Office (NAO) on the problems at MyCSP, the outsourced civil service pension scheme, which it says have caused hardship and distress to many pensioners. ...
Spending watchdog to examine scrapping of £1bn carbon capture plan image
Source : Guardian [Read Article] Sunday 31st of January 2016 03:04:06 PM
. The National Audit Office is to investigate George Osborne’s decision to scrap a £1bn prototype carbon capture scheme which cost the taxpayer at least £60m, a letter seen by the Guardian shows. ...
Tax sales not profit, says Lawson image
Source : BBC [Read Article] Saturday 30th of January 2016 04:19:28 AM
....The government and HMRC defended the deal and the Chartered Institute of Taxation said corporation tax should not be abandoned. Labour has called for the public spending watchdog, the National Audit Office, to investigate what it criticised as a "sweetheart deal". ...
Google tax row: cabinet minister joins call for web firm to pay more image
Source : Guardian [Read Article] Friday 29th of January 2016 07:42:14 AM
.... The EU competition commissioner, Margrethe Vestager, indicated she was ready to look into complaints that the settlement breached EU rules. McLoughlin, the transport secretary, defended the deal as a “move in the right direction” but said it was open to the National Audit Office (NAO) to examine it. ...
Small businesses failing to enrol staff into new Government pensions  image
Source : Telegraph [Read Article] Thursday 28th of January 2016 12:01:53 AM
.... • Workplace pensions plan to charge £480 when you save £240 . Last year an official report by the National Audit Office revealed that the Government had drafted plans for an "emergency pause" to these requirements, to give employers more time to set up pensions for their staff, after documents showed the Government was considering delaying its flagship scheme to boost saving. ...
PM defends Google's £130m tax deal image
Source : BBC [Read Article] Wednesday 27th of January 2016 10:44:27 AM
....But Labour leader Jeremy Corbyn told the Commons the deal equated to a tax rate of 3%, and questioned why there was "one rule for big multinational companies, and another for ordinary small businesses and self-employed workers". Labour has written to the National Audit Office asking it to investigate HMRC's handling of the settlement, while shadow chancellor John McDonnell has written to Mr Osborne demanding details of how it was reached. ...
Google £130m UK back-tax deal lambasted as ‘derisory’ by expert image
Source : Guardian [Read Article] Saturday 23rd of January 2016 10:05:00 PM
....McDonnell added he would demand details of the deal from Osborne in parliament on Monday and criticised HM Revenue & Customs for agreeing to recoup a “relatively small amount”. He suggested the National Audit Office should examine the deal, and said: “It looks to me from all the independent analysis that this is relatively trivial in comparison with what should have been paid. ...
Google to pay UK £130m in back taxes image
Source : Telegraph [Read Article] Friday 22nd of January 2016 10:47:01 PM
.... . But John McDonnell said the public would be "sceptical" about the "derisory" settlement and called for the National Audit Office to launch an inquiry into the deal. ...
UK households overpaying for water supply due to regulator miscalculation image
Source : Guardian [Read Article] Wednesday 13th of January 2016 12:01:24 AM
....The committee of MPs said Ofwat, set up to protect the interests of consumers, had consistently overestimated companies’ financing and tax costs when setting price limits. The National Audit Office examined the profits of water companies last year and found that they had benefited from lower than expected tax and borrowing costs after a cap on tariffs had been fixed by Ofwat. ...
HMRC chief executive to quit post image
Source : BBC [Read Article] Monday 11th of January 2016 12:16:12 PM
....Chancellor George Osborne said Ms Homer had put foundations in place to make HMRC one of the most digitally-advanced tax authorities in the world. "It is to Lin's great credit that the National Audit Office last year judged HMRC to be one of the strongest departments in government - a legacy of which she can be rightly proud," Mr Osborne said. ...
Benefit tests 'doubled in cost' image
Source : BBC [Read Article] Friday 8th of January 2016 11:10:56 AM
. Disability benefit assessments have doubled in cost to £579m a year but targets are still being missed, the National Audit Office has said. ...
George Osborne has tied a knot of fear and optimism – but is it unravelling? | Polly Toynbee image
.... Housebuilders are sitting on a record near half-million plots with planning permission, preferring land price rises to building. The National Audit Office warns that big investment projects are not progressing. ...
Why the UK is failing on infrastructure, the cornerstone of Tory policy image
Source : Guardian [Read Article] Wednesday 6th of January 2016 08:21:34 AM
....But infrastructure is about much more than HS2 or Crossrail. One of the really worrying aspects of the National Audit Office’s (NAO) damning report on major public sector projects is that it makes it clear just how much a lack of project and delivery skills, let alone basic information, could put at risk the government’s entire austerity programme, which is based on the idea of transforming the way services are delivered. ...
The Observer view on the floods and budget cutting | Observer editorial image
Source : Guardian [Read Article] Sunday 3rd of January 2016 12:03:21 AM
.... Our story today reveals that experts had left ministers in no doubt that skimping on flood defence spending was exposing a growing number of households to risks. In 2014, too, the National Audit Office pointed out that spending cuts were forcing the Environment Agency to neglect some of its “assets” – the floodgates, culverts and sea walls that protect the public from the ravages of nature. ...

Page rendered in 1.7865 seconds.