A Leamington man who failed to pay over £150,000 in VAT and income taxes has been given an eight year bankruptcy restriction, following an investigation by the Insolvency Service
Christopher Hiley, described as a shopfitter, was declared bankrupt on the petition of HMRC in August 2014. During the course of subsequent investigations, the Official Receiver found that Hiley had charged his customers VAT but failed to register for VAT or pay the £116,000 collected to HMRC. In addition, he submitted false self-assessment tax returns and failed to pay income tax of £35,000.
Gerard O’Hare of the Insolvency Service’s Official Receiver’s office said: ‘The Insolvency Service is committed to take action against those individuals who show a disregard for the tax regime and fail to pay amounts due.’
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