Mark Smith, director of Mark Smith Digital Aerials Ltd (MSDA), an aerial installation business which traded in the Dudley and Worcester areas, has been disqualified from acting as a director for 3 years for failing to pay tax.
The disqualification, which follow an investigation by the Insolvency Service prevents him from in any way managing or controlling limited companies for the duration of his ban.
Mark Smith, 42, gave an undertaking to the Secretary of State for Business, Innovation and Skills on 5 February 2013, that he will not act as a director of a limited company from 27 February 2013.
The investigation found that between 31 May 2009 and 28 February 2011, Mark Smith failed to ensure that MSDA submitted any VAT returns due for submission to HM Revenue & Customs (HMRC).
Mr Smith also failed to ensure that MSDA paid assessed VAT due to HMRC between 11 September 2009 and 11 March 2011 .As a result of these failings, Mr Smith failed to pay in excess of 100,000 in VAT which the company was liable for.
Commenting on the disqualification, Robert Clarke, Head of Company Investigations Birmingham said:
Directors who fail to pay their taxes are not only cheating the government, they are also gaining an unfair advantage over other businesses who are doing the right thing and paying the money they owe.
The undertaking signed by Mark Smith sends a clear message to other company directors that if you run a business in a way that is detrimental to either its customers or its creditors you will be investigated by the Insolvency Service and as a result removed from the business environment.