HMRC's (qualified) accounts: Shall we laugh or cry?

Accountingweb.co.uk's tax editor, Nichola Ross Martin tries to look on the bright side...

The auditor general has again qualified his audit report on HMRC’s 2007/08 accounts. Tax credits are singled out as the main area of concern. Over £7 billion has been overpaid to date, with some £4 billion still outstanding after adjustments (such as write-offs).

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Comments

In a normal world

Anonymous | | Permalink

In a normal they company/organisation would have shut shop and the management fired. Perhaps this should be the case here in this organisation.

Or maybe

Anonymous | | Permalink

how those who resign their jobs (think "datagate"), manage to do so with a full payout and pension rights.

It makes the PCG's call to its members to boycott the tax system almost seem like a half-reasonable idea. I do wish MPs would wake up on this though (and by the way, I don't actually support a boycott).