Disqualified

HMRC losing ‘billions’ due to small business tax evasion, NAO finds

The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can “easily” exploit weaknesses in government systems, according to a new National Audit Office (NAO) report. According to HM Revenue and Customs (HMRC), while the overall level of tax evasion has…

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Helping a client claim for R&D relief? Here’s why the submission might fail

Claiming for research and development (R&D) tax relief, especially for those involved in the development of complex software solutions is not a straightforward process. Duncan Edwards, senior tax manager at Markel Tax, explains why many submissions often struggle to make the grade. At first glance, many software development projects, which…

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Tax campaigners issue warning over ‘stooge’ directors

The Low Incomes Tax Reform Group (LITRG) has issued a warning to people on lower incomes of the potential risks when answering an advert to become a director of a company in exchange for a fee, as it may be a form of tax avoidance.  The tax campaigners’ warning is…

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Investigations into insolvent company directors up 36% in 2022

Investigations launched by The Insolvency Service into directors of insolvent companies for alleged misconduct rose by 36% from an average 142 cases per month in 2021 to an average of 193 per month between 1 April and 31 December 2022, according to RPC data. The increase was partly driven by…

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Insolvency Service disqualifies 450 directors over Covid fraud schemes

Over 450 directors have been disqualified by the Insolvency Service in 2022-23 for abusing the Covid-19 financial support scheme, as the agency continues to clamp down on pandemic fraudsters. Figures published today also show that directors guilty of misconduct are being hit with longer disqualification periods. The average length of…

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Former Redcentric CFO jailed for five and a half years

The FCA has announced that former Redcentric Plc CFO, Tim Coleman, has been sentenced to five and a half years imprisonment. The authority also said Coleman has been disqualified from being a director for ten years having been found guilty of two offences of making “false and misleading” statements to…

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Construction boss banned for negligent record keeping

An Arbroath construction director has been banned for seven years after failing to explain more than £700,000 worth of expenditure. The court heard that Angel Tas Limited was incorporated in October 2017 and Cristina Angelica Tasca (27), from Arbroath, was appointed the director. The company provided construction services for domestic…

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Swindon directors sentenced for breaching disqualification

The Insolvency Service has revealed that Door Stores boss Richard David Brown has received a 20 month suspended prison sentence for acting as a company director whilst his associates were in breach of their disqualifications. Alan Roche and Richard Edward Brown, father of Brown, were also given community orders for…

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Community order for director who tried to run ‘phoenixed company’

A director, working in the wholesale trade, has been sentenced to 120 hours unpaid work and community order after he attempted to run “a phoenixed company”. Prosecuted Isaac Jacobson from Salford, was already serving a seven year disqualification following the liquidation of his company, Jacob Isaacs and Co Ltd.  Jacobson…

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Care home director receives six year ban for accounting blunder

The Insolvency Service has disqualified care home director Laurie Gray for six years after the company went into liquidation and had no explanation for the £518,000 left in its company accounts. Gray was a director of Seabank Care Ltd in Saltcoats, incorporated in 2020, to operate Seabank Care Home. The…

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