The director of an Italian Restaurant has been disqualified for 6 years after an investigation by the Insolvency Service.
Mohammad Iqbal Qayumkhan (Mr Qayumkhan) also known as Qayum Khan of Eyetech Solutions Limited (Eyetech) has been disqualified for six years for failing to accurately record the turnover of the company in the VAT return submitted to HMRC for the period 05/13.
The disqualification of Mr Qayumkhan is from 11 August 2016.
Mr Qayumkhan (43) has given an undertaking to the Secretary of State which prevents him from becoming directly or indirectly involved in the promotion, formation or management of a company for the duration of his ban.
The investigation found that Mr Qayumkhan failed to ensure that Eyetech accurately recorded the turnover of the company in the VAT return for the period 05/13. As a consequence HMRC made further assessments of VAT for the periods he was a director of Eyetech, 08/11 to 11/13 inclusive, leading to assessed losses to HMRC of ?41,812 as calculated by HMRC inspectors, in addition to penalties of ?36,587.
Commenting on the disqualification, Sue Macleod, Chief Investigator at the Insolvency Service, said:
?The Insolvency Service will investigate and disqualify directors who seek to undermine the tax system by attempting to avoid their statutory obligations to HMRC and remove the protection of limited liability.?