Those of us who are a tad "irked" by the EU's profligacy, incompetence and interference in the UK's affairs often cite that fact that the EU's accounts are regularly "qualified" by their auditors as a significant indicator of the EU's failings.
Well, as the old saying goes, people in glass houses etc.
Who are we in the UK to talk about "qualified accounts" being an indicator of incompetence, when our own government departments have had their accounts qualified by the National Audit Office (NAO)?
The qualifications by the National Audit Office (NAO) are for a mixture of overspending, underspending or failing properly to account for expenditure.
Needless to say HMRC figure in the list of shame of Whitehall departments that have been qualified. In fact, as Exaro News points out, HMRC has seen its accounts qualified for the 10th year running, between £2.25 billion and £2.75 billion for 2011-12, around the same level as 2010-11.
Well done lads!
Amongst the highlights:
- HMRC is estimated to have lost between £2.08BN and £2.46BN of tax credits through fraud and error. This is between 7.5% and 8.8% of the £28BN total payments made, breaching HMRC’s target of 5%.
- HMRC underpaid to claimants between £170M to £290M.
- HMRC met its target to reduce tax credit debts to £4BN only after writing off £1.7BN in 2011-12.
Tax does have to be taxing.
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