The director of CIS UK PAY, Laura Theophilus, failed to conduct due diligence checks on her suppliers, despite a previous warning from HMRC that some of the purchases from a supplier had been connected to tax losses.
Laura Theophilus then proceeded to submit inaccurate VAT returns and was found to owe £373,000 in VAT payments. CIS UK PAY was then placed into voluntary liquidation.
As part of the investigations into her actions as a director Laura Theophilus was found to have caused the company to enter into transactions connected with the fraudulent evasion of VAT, she admitted this and gave an undertaking to the Secretary of State for 10 years.
HMRC are giving a clear warning that tax abuse of any nature will not be tolerated.
If you need any information about any insolvency procedure, please do not hesitate to contact Stella and she will make you an appointment with one of our insolvency professionals. We have offices in Driffield, Grimsby Hull, Scunthorpe and York. We can also organise virtual meetings.