{"id":63133,"date":"2015-10-22T08:30:49","date_gmt":"2015-10-22T08:30:49","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=e7d1bcdb39f78e70a7fdb7e47bd82b32"},"modified":"2015-10-22T08:30:49","modified_gmt":"2015-10-22T08:30:49","slug":"press-release-ban-for-man-who-failed-to-declare-alcohol-duty-filed-false-vat-returns-and-false-accounts","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=63133","title":{"rendered":"Press release: Ban for man who failed to declare alcohol duty, filed false VAT returns and false accounts"},"content":{"rendered":"
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The disqualification follows an investigation by the Insolvency Service. <\/p>\n

Sertan Limited began trading in July 2010 and was unable to reach the level of turnover to make a profit due to the low profit margins and competition in the industry. In October 2012, Sertan ceased trading and was placed into Liquidation on 2 July 2013. <\/p>\n

The investigation by the Insolvency Service found that in September 2012, HMRC had conducted a visit to Sertan\u2019s premises and inspected the company\u2019s accounting records. Further investigation took place over the following months and it was identified that the records showed that Sertan had sold more stock than it had purchased and that alcohol had been purchased without evidence of duty payment. HMRC\u2019s investigations also identified undeclared sales made by the Company and raised additional VAT assessments. <\/p>\n

HMRC\u2019s investigations also established that the stock levels recorded in the Company\u2019s accounts for the year end 31 December 2010 and 2011 filed at Companies House, were also inaccurate.<\/p>\n

Mr Serce (27) also failed to provide the Liquidator with records that can explain various cash payments and receipts made to and from the Company\u2019s current account, including cash withdrawals totalling \u00a343,000 from the company\u2019s bank and payments made to a former company director totalling \u00a358,750. <\/p>\n

At the date of Liquidation Sertan did not have any assets and liabilities of \u00a3126,178. HMRC are owed \u00a374,903.
\nCommenting on the disqualification, Cheryl Lambert, Chief Investigator at the Insolvency Service, said:<\/p>\n

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Directors who submit false information to HMRC and fail to pay duty when due, can expect to be investigated by the Insolvency Service and enforcement action taken to remove them from the market place.<\/p>\n<\/blockquote>\n

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Mr Serce caused HMRC to lose at least \u00a375k by not declaring duty and filing false returns. He also filed false accounts and did not maintain adequate accounting records. Taking action against Mr Serce is a warning to directors of their duties to comply with their tax duties and obligations.<\/p>\n<\/blockquote>\n

Notes to editors<\/h4>\n

Sertan Limited (CRO 07094160) was incorporated on 3 December 2009. Its registered office was Unit 2, Plot 1, Little End Road, Eaton Socon, St Neots, PE19 8JH. It traded from the same address. Hassan Serce was the only director at the time of Liquidation. <\/p>\n

Sertan Limited was placed into Liquidation on 2 July 2013. <\/p>\n

Hassan Serce is of 95 Bouverie Road, London, N16 0AD. His date of birth is 31 October 1988. <\/p>\n

A Disqualification Order was made against Hassan Serce on 30 September 2015 at the County Court at Peterborough. <\/p>\n

A disqualification order or undertaking has the effect that without specific permission of a court, a person with a disqualification cannot:<\/p>\n