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Redditch company director fined by HM Revenue and Customs
10:10am Thursday 26th September 2013 in Local
A DIRECTOR of Redditch-based firm Totals Surveys, has been fined £2,640 and ordered to pay costs of £85 and a victim surcharge of £35 to HM Revenue and Customs (HMRC) for ignoring a trading sanction.
Steven McBennett, the director of the land and engineering firm of surveyors, had been warned by HMRC that unless a cash security of £66,077 was given to safeguard against potential company tax losses, he could no longer supply taxable goods or services. This followed the folding of his previous company T S Realisations Ltd that went into liquidation owing nearly £90,000.
Zoe Ellerbeck, assistant director of criminal investigation for HMRC, said: “McBennett was given every chance to work with HMRC to meet his tax liabilities but failed to take the opportunities provided to him.
“Insolvent traders are a major cause of the UK’s tax gap. We will take every action to tackle non compliance to ensure the correct tax is paid and not avoided.
“We will investigate those individuals who go into liquidation one day, owing thousands of pounds, only to set up successor or ‘phoenix’ companies the following day. They resume trading but under a new name to avoid paying what’s due to public funds.”
A ‘Notice of Requirement’ was issued to Mr McBennett by HMRC in March 2011 requiring him to pay the cash security to allow trading to continue. However, he failed to pay the full amount and continued operating, resulting in over £26,000 of VAT being owed to HMRC.
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