Tuesday, March 19, 2024

BRA warned

Date:

Share post:

THE BARBADOS REVENUE AUTHORITY (BRA) has a million-dollar problem with “bounced” cheques.

According to the latest Auditor General’s Report, the amount involved at the end of the  2014-2015 financial year stood at $1.3 million.

This was highlighted in the 2015 Auditor General’s Report which has also queried the efforts made to recover the outstanding amounts.

Auditor General Leigh Trotman disclosed that 297 cheques that were offered as payment to the BRA had been subsequently dishonoured by banks.

“There was no evidence presented to the Barbados Audit Office to show that the authority made any effort to recover the outstanding amounts as required by the Financial Rules. This will result in the authority having difficulty in collecting the outstanding funds, since the longer amounts are outstanding, the more difficult it will be to recover them,” he added. (ES)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

Previous article
Next article

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

PM announces 15 strategies to grow economy

15 Strategies to grow the economy as announced by Prime Minister Mia Amor Mottley in the 2024/25 Financial...

PM: Barbados’ economy on the right track

Prime Minister Mia Amor Mottley says the Barbados economy is on the right trajectory. Delivering the 2024/25 Financial Statement...

Road fatality on East Coast Road

Police are on the scene of a road fatality that occurred on East Coast Road, St. Andrew about...

No new taxes

There will be no new taxes in the 2024/25 Financial Statement and Budgetary Proposals. That was one of the...