Source · National Audit Office
HM Revenue and Customs 2008-09 Accounts: The Comptroller and Auditor General’s Standard Report
Published: 20 Jul 2009
Type: Financial Audit
The economic downturn has been largely responsible for a £21.7 billion reduction in taxes and duties collected by HM Revenue and Customs (HMRC) in 2008-9, according to a report released today by the National Audit Office. Income Tax and National Insurance contributions fell by £5.7 billion; revenue from VAT fell by £6.4 billion (partly reflecting […]