Exchequer
Sign in to savethumb|250px|Kingdom of England Exchequer note, 5 Pounds, dated 6 August 1697 The UK Exchequer (formally '''His Majesty's Exchequer''') is part of the machinery of government, defined as 'the legal and accounting entities which support the UK’s spending and revenue activities'. The term is used for the accounting processes of central government, and as such it appears in various financial documents (including the latest departmental and agency annual accounts). The Consolidated Fund account at the Bank of England is officially termed the 'The Account of His Majesty's Exchequer': it serves as th
Article
38 sectionsContents
- Etymology
- Exchequer in England and Wales
- The early Exchequer (12th and 13th centuries)
- Origins
- Constitution
- Personnel
- Barons of the Exchequer
- Clerks and other officers
- The Treasurer and Chamberlains
- Chancellor of the Exchequer
- Remembrancers
- Others
- Operation
- Summonses
- The lower Exchequer
- The upper Exchequer
- Standard weights and measures
- Later developments (14th-17th centuries)
- Changes in the 14th-century
- The Tudor period
- Reform and decline (18th-19th centuries)
- 18th century
- 19th century
- Modern Exchequer (20th-21st century)
- Officers
- Revenue side
- Receipt side
- Other Exchequers
- Exchequer of Normandy
- Exchequer of the Jews
- Exchequer in Scotland
- Exchequer of Ireland
- Local exchequers
- See also
- Notes
- References
- Bibliography
- External links
thumb|250px|Kingdom of England Exchequer note, 5 Pounds, dated 6 August 1697 The UK Exchequer (formally '''His Majesty's Exchequer''') is part of the machinery of government, defined as 'the legal and accounting entities which support the UK’s spending and revenue activities'. The term is used for the accounting processes of central government, and as such it appears in various financial documents (including the latest departmental and agency annual accounts). The Consolidated Fund account at the Bank of England is officially termed the 'The Account of His Majesty's Exchequer': it serves as the government's current account, into which is paid the money raised from taxation (and other government revenues), and out of which is issued money for government spending.
Historically the Exchequer (the Court of Exchequer) was an executive body, akin to a government department, responsible for the collection and the management of taxes and revenues, making payments on behalf of the sovereign, and auditing official accounts. The existence of an Exchequer in England was first recorded in 1110. (Similar offices were established in Normandy by 1180, in Scotland around 1200 and in Ireland in 1210).