Accountancy Age

National Audit Office

HM REVENUE & CUSTOMS is among the strongest-managed government departments, according to the National Audit Office. In a report taking stock of progress since 2010, the NAO found the tax authority had made good progress in maximising revenue and making sustainable cost savings and responded positively to the recommendations from the Public Accounts Committee. In particular, it noted HMRC’s reorganisation to tackle some of the root causes of marketed tax avoidance….