9am Lowdown: Minimum wage, KPMG and vans

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Happy Thursday everyone, and welcome to today’s 9am Lowdown.

In the news

A tribunal has ruled that HMRC can issue multiple national minimum wage penalty notices, so the offending employer can be fined more than the statutory cap. (CIPD)

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Big Four accountant KPMG is fighting to keep some of its biggest clients after becoming involved in a corruption probe in South Africa. (Financial Times - paywall)

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A Royal Bank of Scotland executive charged with ensuring the giant bank abides by the law is facing embarrassment following an accounting bungle at her private business. (Daily Mail)

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Accountancy firm RSM is calling for an urgent update to HMRC tax guidance on determining cars and vans as it warns that employees may fall foul of current “misleading” guidance. (Fleet World)

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John Lewis has said its profits more than halved in the first six months of 2017, and its chairman has warned that Brexit uncertainty and rising prices will hit the business in the remainder of the year. (Guardian)

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New on AccountingWEB

Christian Annesley investigates whether the UK’s flexible economy is under threat.

The new CFO of Kraft Heinz is 29 years old. Francois Badenhorst asks if this matters, or is age just a number?

On the blogs, Philip Fisher thinks prison beckons for some tax advisers with the advent of the Criminal Finances Act 2017.

And over on the industry updates page, CCH has called for volunteers to test out HMRC’s Making Tax Digital pilot.

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