9am Lowdown: Argos, fraud & MTD inquiry

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AccountingWEB
Richard Hattersley
Community Assistant
AccountingWEB
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Happy Friday! So what's been happening in the accounting world today? Let's take a look. 

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Argos fined after minimum wage underpayment

Argos has been fined £1.5m by HMRC after paying workers less than the minimum wage, reports the Independent.

John Rogers, chief executive of Agos, said in a letter to staff that “HMRC had uncovered an issue” with some of the store’s systems and processes. This system error caused around 37,000 current and former Argos workers to be paid below the national minimum wage.

“This related to the timings of colleague briefings, which could happen before colleagues had clocked into their shifts and security searches, which could happen after colleagues had clocked out of their shifts,” Rogers explained. Argos workers will receive a payment for the amount owed.

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Accountant forged mother's will to ensure stake in family fortune

A North London accountant used a blank document pre-signed by his mother to forge a will to ensure he would be left a £40m stake in his family’s palm oil plantation after a family rift.

As reported in the Evening Standard, Girish Dahyabhai Patel was branded a “self-confessed liar” by the high court judge Andrew Simmonds QC. “Regrettably, I have reached the conclusion that, despite his professional and business achievements, the truth is a flexible concept for Girish, to be fashioned according to his own  interests and requirements,” Simmonds said.

“Girish is a self-confessed liar and even when accepting that he had lied to the court, there was a certain insouciance in his responses.”

Patel will pay £450,000 of his brother’s legal costs, and his own are estimated at up to £750,000.

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HMRC to give evidence at MTD inquiry

HMRC executives will answers questions from the Economic Affairs Finance Bill Sub-Committee next week about the next stage of the Making Tax Digital regime.

Theresa Middleton, Jim Harra and Lucy Pink from the Treasury will appear before the Economic Affairs Committee on Wednesday. The inquiry has already heard evidence from tax accountants and software developers, including Rebecca Benneyworth, Richard Murphy and IRIS chief executive Kevin Dady.

Landlords and business representatives will give evidence on Monday. You can find out more detail on the sessions here.

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