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October 27, 2010

Former Mazars partners sue over unpaid remuneration

Three ex-Mazars partners have filed a legal claim in a UK court against their previous employer for allegedly failing to pay remuneration packages in full.

Robin Stevens, Stephen Bullock and Fiona Hotston Moore alleged Mazars withheld funds that were intended to cover their tax bills and are attempting to sue the firm for about £139,000 ($222,461).

According to media reports, the partners are now late in paying their tax liabilities and may incur penalties from HM Revenue & Customs.

The withheld funds are part of a remuneration package that partners get when they are accepted into a partnership.

A common agreement when you become a partner in a firm is that a proportion of the money is withheld for accounting and tax purposes. At the end of each financial year payment is due according to the level of the partner in the structure of the firm and the turnover and profit of the firm.

Mazars said in a statement that the firm has a policy to, “make any payments due to former and existing partners promptly and properly”.

“However, the enquiry relates to ongoing legal proceedings with these individuals and as such we are not prepared to comment further at present,” a spokesman added.

Earlier this year, Hotston Moore lodged a sex discrimination claim against Mazars with the East London Employment Tribunal.

All three partners left Mazars this year and now work at Crowe Clark Whitehill.

 

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