A Lincolnshire restaurant owner has received a ban from running companies after avoiding £100,000 in tax payments by submitting false tax returns. An investigation into the catering company owned by the director was opened by the insolvency service following the company going into liquidation in 2016. At this point the tax authorities noticed that the companies accounting records did not tally with the official tax returns they had previously submitted.
Closer investigation into the accounting discrepancies revealed that the catering company had deliberately supressed sales by under-declaring the amount of tax owed for roughly a 1-year period. This had resulted in an outstanding payment of £100,000 which the company could not afford to pay. The director then admitted to submitting a total of five false tax returns.
Prior to being found guilty of avoiding these tax payments the individual concerned has also spent time in prison after receiving a two-year jail sentence for other tax fraud. On this occasion the director was awarded a nine-year ban from running companies.
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