Barry Cooperman, the sole director of Platinum Resources Limited trading as La Rioja, a restaurant in Altrincham, has been disqualified for three years and six months for failing to make sure the company attended to its tax obligations.
Mr Coopermans disqualification follows an investigation by the Insolvency Service which found he had unfairly discriminated against HMRC by choosing to pay the companys trade creditors instead of the companys tax liabilities, between March 2008 and April 2011, when the company ceased to trade
Platinum Resources Limited was placed into Liquidation on 19 July 2012 with an estimated deficiency to creditors in excess of 178,000 and outstanding VAT and PAYE bills totalling 90,000.
Robert Clarke, Group Head of Insolvency Investigations North at the Insolvency Service, commented:
Company directors have a duty to ensure businesses meet their legal obligations, including paying taxes. Deliberate neglect of tax affairs is not a victimless action as it deprives the taxpayer of the funds needed to operate public services and introduces unfair competition in the business market.
The Insolvency Service will investigate and disqualify directors who do not comply with their obligations and remove the protection of limited liability.