The director of a Chinese takeaway restaurant in Rainhill, near Liverpool, has been disqualified for five years for under-declaring cash sales and VAT
Ricky Yan Kay Sum, the director of Yat Yeen Ltd, which traded under the name of Chung Ku, also failed to pay the under-declared VAT.
The business went into liquidation on 22 July 2015 owing £50,606 to its creditors. The Insolvency Service’s investigation concluded Sum had under-declared the takeaway’s sales and VAT to HMRC, and failed to pay HMRC the VAT which was properly due and payable.
Robert Clarke, chief investigator at the Insolvency Service, said: ‘Under-declaration of sales deprives the exchequer of vital funds for public services. In co-operation with HMRC, the Insolvency Service will not hesitate to investigate such misconduct with disqualification as a director the probable consequence.’
Report by Pat Sweet
