The “balls” in question feature in HMRC’s 2019-20 annual report and are represented by the three circles in the diagram above: HMRC’s own costs; the costs it imposes on the taxpayer; and the tax it brings in and pays out.
The annual report is divided into these three sections.
This is the “Trust Statement” which summaries the tax collected, which is HMRC’s core activity. The audit on this part of the accounts is unqualified, but look a little closer...
As happens every year, the National Audit Office analysis comes up with a number of errors, including these examples:
Register for free to continue reading
It’s 100% free and provides unlimited access to the latest accounting news, advice and insight every day. As well as access to this exclusive article, you can: