More

    Shop owner banned over tax offences

    Photo: iStock

    A convenience store owner has been handed a six-year ban from holding any company directorship over inaccurate tax returns.

    Pratikkumar Patel accepted a disqualification undertaking, a process which does not involve court proceedings, after the UK Insolvency Service took action against him for showing a “total disregard” for his responsibility as a company director.

    “Much of the public service is funded by the correct amount of taxes being paid and their deceit has ultimately had impact on the public who rely on companies paying their correct taxes,” Lawrence Zussman, deputy head of insolvent investigations for the Insolvency Service, said on Thursday.

    He said the considerable ban of six years will severely restrict Patel’s ability to act in the corporate arena, and should serve as a warning to other directors “who think they can do as they please”.

    R.K. Patel & Sons (UK) Limited was incorporated in May 2015 and took over the business of an existing convenience store located on South Square at Knowle in Hampshire.

    Between October 2015 and January 2019, the sole director of the company was Patel, who the Insolvency Service found caused the company to suppress sales income and submit inaccurate returns to the tax authorities.

    When R.K. Patel & Sons (UK) Limited entered into a creditors’ voluntary liquidation in August 2019, it was determined that the company had tax liabilities totaling £345,000.

    His six-year disqualification, which is effective from October 7, means he is banned from acting as director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.

    Latest

    Family-owned plant-based startup secures funding

    UK-based family-owned startup Shicken has raised £4 million in...

    KP Snacks launches new Tyrrells recycled plastic pack

    KP Snacks today announces the introduction of 25 per...

    Brew Dog delivers low ABV with new Cold Beer

    This summer, BrewDog is cooling down the beer aisle...

    Mangrove portfolio dominates at World Whiskies Awards 2024

    The independent distributor Mangrove’s world whisky portfolio recently cleared...

    Don't miss

    Family-owned plant-based startup secures funding

    UK-based family-owned startup Shicken has raised £4 million in...

    KP Snacks launches new Tyrrells recycled plastic pack

    KP Snacks today announces the introduction of 25 per...

    Brew Dog delivers low ABV with new Cold Beer

    This summer, BrewDog is cooling down the beer aisle...

    Mangrove portfolio dominates at World Whiskies Awards 2024

    The independent distributor Mangrove’s world whisky portfolio recently cleared...

    Co-op’s net zero targets validated global body

    Co-op has become the first UK convenience retailer to...

    Family-owned plant-based startup secures funding

    UK-based family-owned startup Shicken has raised £4 million in funds from Matthew Glover’s Veg Capital, which has tripled its investment in the plant-based meat...

    Co-op’s net zero targets validated global body

    Co-op has become the first UK convenience retailer to have its net zero targets validated by the globally recognised Science Based Targets initiative (SBTi). According...

    Kitwave Group acquires 130-year-old delivered wholesaler

    Kitwave Group plc, the delivered wholesale business, has acquired Total Foodservice Solutions Limited, a leading independent food wholesaler in the North of England. Established over...