Home news Businesswoman banned from being director for incorrect VAT returns

Businesswoman banned from being director for incorrect VAT returns


A Leicestershire woman who submitted tens of thousands of pounds of incorrect VAT returns has been banned from acting as a company director for seven years.
The Insolvency Service said Anne Christie Townsend – also known as Christie Townsend – had been a director of Greendeal Helpline Ltd, which had operated as a generator of sales leads.
The service said Ms Townsend submitted incorrect VAT returns to HMRC which resulted in the company being given £21,588 in VAT reclaims.
In fact the business should have actually paid at least £30,542 to HMRC instead – which it said was equivalent to an underdeclared amount of at least £52,130.
Following the case the Secretary of State for Business, Energy, & Industrial Strategy, accepted a disqualification undertaking from Ms Townsend – who it said lives in Wigston – which would last seven years from October 2, 2017.
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The Insolvency Service said Ms Townsend was a director of Greendeal Helpline Limited from February 2012, until it went into liquidation in April 2016, owing £110,236 to creditors, including more than £58,000 of VAT.
Anyone subjected to a disqualification order cannot (without permission of a court):
act as a director of a company
take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
be a receiver of a company’s property
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Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.
Martin Gitner, deputy head of investigations with the Insolvency Service said: “Under-declaration of the VAT due by a company deprives the exchequer of the monies needed to provide public services.
“In co-operation with HMRC, the Insolvency Service will not hesitate to investigate such misconduct with disqualification as a director the likely outcome.”
Source: Murcury