How do we tackle the tax gap?
12 August: The National Audit Office issued a report on what HMRC and HM Treasury have been doing to close the gap between expected tax receipts and the amounts collected.
Public sector
Many ICAEW members work in or with the public sector to deliver public priorities and strong public finances. ICAEW acts in the public interest to support strong financial leadership and better financial management across the public sector – featuring transparency, accountability, governance and ethics – to ensure that public money is spent wisely and that public finances are sustainable.
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ICAEW sets out vision for sustainable post-COVID recovery
4 August: ICAEW identifies priorities for policymakers looking to deliver an environmentally and economically sustainable recovery.
HMRC’s Charter needs independent oversight, says ICAEW
3 August 2020: ICAEW responds to the consultation on draft revisions to HMRC’s Charter, calling for more detail behind the aspirations, specific performance measurement criteria and independent oversight by a body such as the National Audit Office.
Chief Secretary brands Treasury ‘new radicals in government’
3 August 2020: Chief Secretary to the Treasury Steve Barclay delivered his first speech last week, providing fresh detail on the plan for the Spending Review.
The EU’s ground-breaking deal on COVID-19 recovery funding
30 July 2020: ICAEW Head of European Affairs, Susanna Di Feliciantonio, takes a closer look at last week’s extraordinary EU summit
Chart of the week: whole of government accounts
24 July: Liabilities of £4.6tn exceeded assets of £2.1tn at 31 March 2019 in the latest set of consolidated financial statements for the UK public sector.
Whole of Government Accounts hidden within announcements blizzard
24 July 2020: The UK celebrated 10 years of consolidated financial statements for the public sector with the publication of the Whole of Government Accounts for 2018-19.
Infographic: Edelman Trust Index
Overall levels of trust in governments is at an all-time high.