30(1)The TRA must—U.K.
(a)keep proper accounts and proper records in relation to them, and
(b)prepare a statement of accounts in respect of each financial year.
(2)The statement of accounts must comply with any directions given by the Secretary of State with the approval of the Treasury as to—
(a)its content and form;
(b)the methods and principles to be applied in preparing it;
(c)the additional information (if any) which is to be provided for the information of Parliament.
(3)The TRA must send a copy of the statement of accounts to the Secretary of State and the Comptroller and Auditor General as soon as reasonably practicable after the end of the financial year to which it relates.
(4)The Comptroller and Auditor General must—
(a)examine, certify and report on each statement of accounts, and
(b)send a copy of each report and certified statement to the Secretary of State.
(5)The Secretary of State must lay before Parliament a copy of each such report and certified statement.
(6)The chief executive of the TRA is to be its accounting officer.
(7)In this Schedule “financial year” means—
(a)the period beginning with the date on which the TRA is established and ending with the second 31 March following that date, and
(b)each successive period of 12 months.
Commencement Information
I1Sch. 4 para. 30 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)