The directors of a restaurant in Wingham have been disqualified for a combined total of ten and a half*years.
Moynoor and Angura Rashid, directors of Salma Cuisine Limited which traded as Salma Restaurant, based in the village of Wingham near Canterbury, have been disqualified from acting as company directors following investigations by the Insolvency Service and HMRC.
Both gave disqualification undertakings to the Secretary of State for Business, Energy & Industrial Strategy, Moynoor Rashid banned for seven years and Angura Rashid for three and a half years.
At liquidation, the company owed in excess of ?400,000 to HMRC.
An in-depth HMRC investigation revealed significant suppression of cash takings resulting in a VAT assessment of ?85,794 and additional penalties of ?52,897 being raised. HMRC also reassessed the company?s Corporation Tax liability to be ?135,009.
Mr Moynoor Rashid was also issued with a personal liability notice of ?80,967 due to the deliberate suppression of sales income.
Commenting on the disqualification, David Brooks a Chief Investigator with the Insolvency Service said:
The periods of these disqualifications sends a clear message to other company directors that tax abuse of any kind will not be tolerated, especially when takings are channelled to directors.
Much of the public service is funded by the correct amount of taxes being paid. By not declaring and paying the correct amount of taxes, the public has been deprived from receiving the services it deserves from the public sector. The Insolvency Service therefore will not hesitate to remove bosses from the business environment in order to protect the public.