I work for an SME, owned fully by a parent company, and I am struggling with a legal/moral quandary.
Our MD (an employee - not a shareholder) is claiming expenses I suspect are personal. Things like his lunch every day at the office from the local supermarket, meals during the day when he is out with a colleague (a close “mate” of his) etc, which I know for a fact, but when the claims come in, they are tagged as supplier/customer entertaining. This colleague also has a company car which I have been pressured not to report as a benefit in kind on his P11D (tax of £2000 a year not being paid).
This has been going on a long time and I have just really twigged, but if anyone came in and audited the books there would be no hard evidence that he is lying on his claims - only my knowledge.
I wouldn’t be bothered if he was the owner, although these expenses run into the £000s per month, and this is effectively defrauding the tax man and the shareholders, for his own personal benefit. He has nobody above him in the business to approve any claims, just his submissions to me which I am told to pay
I’m by no means a snitch but I have a responsibility to the shareholders to make sure the accounts are reported properly. Maybe it’s an obvious question - but I value my job - how would I go about trying to report this to the parent company without fearing the MD will get rid of me (less than 2 years service)? Would this count as whistleblowing if I had no hard evidence these expenses were personal, even though I know for a fact they are?