TaxAdministrationDirector disqualified over unpaid VAT

Director disqualified over unpaid VAT

The founder of a computer spares company has been disqualified for nine years, after the business was found to be owing more than £300,000 in unpaid VAT when it folded in 2001.

Link: Director jailed after DTI investigation

A High Court judge found that Angelo Ripa, the director of Globepoint Trading, based at 66 Wigmore Street, London, had caused the company to fail to comply with statutory obligations to pay certain taxes to HM Customs & Excise, resulting in a loss to the government department of £314,850 between August 1999 and September 2000.

The court also found that Ripa failed to co-operate with the Official Receiver, following an investigation on behalf of the DTI.

Glopepoint Trading was placed into compulsory liquidation on 24 October 2001.

  • Note: Breach of a disqualification order can result in prosecution and may be punished by a fine, a prison sentence of up to two years, or both.

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