Geoffrey Munford, director of a haulage company has been disqualified from being a director for 11 years after causing the company to submit false VAT and PAYE/NIC returns to HMRC.
Mr Munford (76) has signed a disqualification undertaking after an investigation conducted by the Insolvency Service into his conduct whilst a director of Geoffrey F Munford Limited.
In giving the undertaking, Mr Munford did not dispute that he caused the company to submit false VAT and PAYE/NIC returns to HMRC. It means that from 2 February, he will be banned from acting as a company director, or in any way controlling a company until 2026.
This action resulted in the company failing to declare to HMRC VAT due of 1,758,506 over a period of 9 years and PAYE due of 277,581 over a period of 6 years.
Mr Munford also did not dispute that he caused the company to maintain duplicate accounting records and raise false invoices in order to hide the true level of taxes due.
The company entered administration on 11 February 2013 with liabilities of 2,557,836. Of this amount 1,949,134 was owed to HMRC in respect of undeclared VAT, PAYE and NIC.
Robert Clarke, Head of Insolvent Investigations North, stated:
VAT and PAYE fraud is a serious attack on the public finances and the Insolvency Service will investigate any director of a company found to have been involved in such activities.