{"id":70664,"date":"2016-05-18T10:47:00","date_gmt":"2016-05-18T10:47:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=6c53b6da30f91b598fe2e0aa79e7d7b2"},"modified":"2016-05-18T10:47:00","modified_gmt":"2016-05-18T10:47:00","slug":"press-release-haulier-disqualified-for-misleading-hmrc","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=70664","title":{"rendered":"Press release: Haulier disqualified for misleading HMRC"},"content":{"rendered":"
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The disqualification, which follows an investigation by the insolvency Service, found that Mr Heard had failed to properly deal with the tax affairs of LVH Services Ltd, particularly in regards to VAT. Mr Heard also did not ensure that adequate and complete accounting records were maintained by the company.<\/p>\n

The investigation discovered that at least \u00a3509,370 of VAT was neither reported nor paid to HMRC and transactions totalling \u00a31,142,960, the majority of which were to recipients connected to Mr Heard, had insufficient explanations or supporting documentation.<\/p>\n

The Secretary of State accepted an undertaking from Mr Heard on 19 April 2016, not to act as a director of a limited company for eight-and-a-half years from 10 May 2016.<\/p>\n

The investigation revealed LVH submitted a VAT reclaim for the 12\/11 quarter totalling \u00a364,948. HMRC inspected LVH\u2019s records in May 2012 and found that rather than a repayment to LVH from them \u00a3215,881 was owed by LVH in relation to VAT. LVH de-registered for VAT on 1 April 2012.<\/p>\n

On inspecting the records of an associated company in 2013, HMRC established that from April 2012 LVH had been issuing invoices to that associated company within which VAT totalling \u00a3365,491 was charged. This was after LVH had been already been de-registered for VAT. These transactions created a benefit for that associated company and \u00a3219,293 should have been paid to HMRC on these transactions. LVH was then re-registered for VAT and, at liquidation, \u00a3654,960 was due including interest, surcharges and penalties, in relation to VAT alone.<\/p>\n

In parallel the company\u2019s internal records were not maintained properly and over \u00a31m of payments to Mr Heard and entities connected to him are identifiable but not explained.
\nThe accounting records maintained were incomplete and it was not possible to establish, amongst other matters:<\/p>\n