TaxCorporate TaxTNT embroiled in alleged tax scam – report

TNT embroiled in alleged tax scam – report

Company in line to take over Royal Mail's privatisation work is at the centre of a financial scam

TNT has been forced to repay tens of millions of pounds of unpaid tax in an
alleged financial scam.

Employees of the company falsified and backdated documents, according to
telegraph.co.uk

Details of the scam come at a time when the UK government is planning to sell
30% of Royal Mail. It is thought much of this work will go to TNT.

TNT has reportedly conceded that an internal investigation took place, and
this in turn led to the discovery that ‘illegal acts have taken place.’

Ernst & Young has previously been approached by TNT over concerns of
malpractice.

Further Reading:

OFT
launches scam awareness month

Spammers
exploit US stimulus package

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