Interesting report on HM Revenue & Customs by the National Audit Office.

HMRC has to reduce its running costs by £1.6 billion in the next four years.  That is a real challenge when you consider that it also has to increase tax revenues, improve customer service and achieve reductions in welfare payments.

This is likely to mean cutting staff numbers by a further 10,000 and reducing its number of offices still further.

In its report the NAO said HMRC had reported savings of about £1.4bn since 2005.

The NAO report can be found here.

A report on this by the BBC can be found here.