Baker disqualified after HMRC fails to receive dough for taxes

Image

Clive Cobb has become the second director to be disqualified from a Plymouth bakery company in two years after failing to pay £143,000 in tax to HMRC

Cobb, who had been a director at Our Bakery Number Two Ltd which traded as The Royal William Bakery has been disqualified from acting as a director for five years.

Last year another director at the bakery, Alexander Qaun, was disqualified for four years.

The Insolvency Service discovered that Cobb and Quan were responsible for the company failing to pay VAT, PAYE and National Insurance Contributions (NICs) from May 2013. This led to arrears of £130,361 with the total amount of unpaid tax reaching £142,666 when the company went into liquidation in October 2015.

Sue MacLeod, chief investigator at the Insolvency Service, said: ‘These actions have resulted in honest taxpayers losing out. If you run a business in a way that is unfairly detrimental to any of its creditors, including tax authorities, the Insolvency Service will investigate you, and you may find yourself disqualified from acting as a director.’

Report by Amy Austin

Amy Austin | Reporter, Accountancy Daily [2016-2019]

Amy Austin was reporter, Accountancy Daily and Accountancy magazine, published by ...

View profile and articles

0
Be the first to vote

Rate this article

Related Articles
Subscribe