This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

Director disqualified for tax avoidance 20 May 2014

The director of two Leeds-based storage companies has been disqualified from acting as a company director after failing to pay business rates.

Warren Smith, director of Smiths Storage (UK) Limited and Miami Storage Limited, was disqualified for five years following in investigation by the Insolvency Service.

The investigation found Smith had not ensured both companies paid business rates to HMRC and Leeds City Council for over a year.

Smiths Storage UK and Miami Storage were placed into liquidation on 23 June 2011 and 15 February 2012 respectively.

The companies owed over £738,000 to creditors, including £424,000 in business rates and almost £177,000 to HMRC.

Robert Clarke, group leader of insolvent investigations north at the Insolvency Service, said: “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 them from the business arena.”

 

 

blog comments powered by Disqus