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The Treasury first published a scoping study for WGA in July 1998. WGA are prepared under Sections 9 to 11 of the Government Resources and Accounts Act 2000 and cover the whole of the UK public sector (central government, local government, health, and public corporations). [2]
The recommendation for the creation of a committee to oversee government accounts was first put forward in 1857 by a small group of interested Members of Parliament led by Sir Francis Baring. The structure and function of the PAC date back to reforms initiated by William Ewart Gladstone, when he was British Chancellor of the Exchequer in the 1860s
The UK tax system including: Direct, indirect, business, property, and personal taxation; European and other international tax issues; Customs and VAT at the border; The Finance Bill and the National Insurance Bill; Departmental Minister for HM Revenue and Customs (HMRC), the Valuation Office Agency, and the Government's Actuary's Department ...
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United Kingdom – UK public sector applies accounting guidance that is broadly consistent with IPSAS. The accounts of the central government departments and entities in the central government and health sectors have been produced using International Financial Reporting Standards as adopted by the EU from 2009/10 onwards.
The UK government generally spends more than it raises in tax. To fill this gap it borrows money, but that has to be paid back - with interest. The government gets most of its income from taxes ...
The UK Government publishes annual accounts for the whole of government. [1] It aims to provide more complete data for fiscal planning by producing consolidated financial statements. The accounts are produced in accordance with the International Financial Reporting Standards and independently audited by the Comptroller and Auditor General. [2]
Therefore, the list below refers to the "Head of Government" and not the "Prime Minister". Even so, the leader of a government was often colloquially referred to as the "prime minister", beginning in the 18th century. Since 1902, prime ministers have always held the office of First Lord of the Treasury. [4]