TaxCorporate TaxBuilding company director banned for 7 years for VAT under-declaration

Building company director banned for 7 years for VAT under-declaration

The director of a building firm in West Wales has been disqualified from acting as a director for under-declaring sales on VAT returns.

Building company director banned for 7 years for VAT under-declaration

THE director of a building firm in West Wales has been disqualified from acting as a director for under-declaring sales on VAT returns.

Judie Thomas, 55, a company director from Carmarthen, has given a disqualification undertaking for seven years.

The disqualification is as a result of investigations undertaken by The Insolvency Service which demonstrated that Thomas had caused or allowed A&J Thomas Holdings Ltd to under-declare sales on VAT returns. As a result of the under-declarations a debt became due to HMRC who are owed £95,322.

Thomas was the sole director of a West Wales building company trading as A&J Thomas Holdings Ltd which went into liquidation on 20 April 2015.  Thomas has given an undertaking to the Secretary of State for Business, Energy and Industrial Strategy, which prevents her from being directly or indirectly involved in the promotion, formation or management of a company for seven years from 26 September 2016.

In January 2014, HMRC undertook investigations into the company’s VAT returns and determined that sales figures had been under-declared in at least 6 VAT periods from December 2011 to December 2013. The HMRC investigation also determined that Ms Thomas failed to ensure that all VAT returns were submitted on time with the earliest unpaid return being for the period 09/09.

The company went into liquidation on 20 April 2015 owing £129,322 to creditors, of which £95,322 was the sum due to HMRC for under-declared sales on VAT returns and assorted miscellaneous sums due for Corporation Tax, PAYE and interest and penalties.

Stephen Baxter, the Official Receiver who oversaw the investigations, said: “This disqualification demonstrates that directors who fail in their obligations and cause creditors to lose money can expect to be investigated by the Insolvency Service and enforcement action taken to remove them from the market place.”

Related Articles

'Innocent' companies will be hit by tough HMRC anti-fraud powers

Corporate Tax 'Innocent' companies will be hit by tough HMRC anti-fraud powers

12m Stephanie Wix, Writer
Berkshire motor business VAT fraudsters sentenced

Corporate Tax Berkshire motor business VAT fraudsters sentenced

1y Richard Crump, Writer
The growth and challenges of digital sales taxes globally

Corporate Tax The growth and challenges of digital sales taxes globally

1y Editorial comment
Bishop Fleming launches new cloud accounting product

Accounting Firms Bishop Fleming launches new cloud accounting product

1y Richard Crump, Writer
Bid to cut VAT bill on wedding venue hire rejected by Tribunal

Administration Bid to cut VAT bill on wedding venue hire rejected by Tribunal

1y Richard Crump, Writer
CIoT urges government to rethink VAT approach to online traders

Corporate Tax CIoT urges government to rethink VAT approach to online traders

1y Richard Crump, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
HMRC calls for extra time in Spot the Ball legal battle

Corporate Tax HMRC calls for extra time in Spot the Ball legal battle

1y Fraser Simpson, Reporter