Ban for Kent takeaway boss who hid sales to avoid tax
Ban for Kent takeaway boss who hid sales to avoid tax
Good View takeaway on Watling Street in Dartford was incorporated in April 2016, with Yue Chang Dai (56) the sole Director. The Company was unable to pay its debts and was placed into creditors voluntary liquidation in October 2019 after which time Yue Chang Dai’s conduct was referred to the Insolvency Service for further enquiries.
Investigators looking into the case found that Yue Chang Dai had deliberately concealed the true amount of take away orders to avoid paying tax worth just under £265,000.
In total at the point of liquidation, Yue Chang Dai owed the tax authorities almost £364,000, including penalties and interest.
In December of 2020 the Secretary of State accepted a disqualification undertaking from Yue Chang Dai after he did not dispute that he failed to ensure that Good View Da Ltd submitted accurate tax returns by supressing the business’s turnover.
As a result, and effective from 11 January 2021, Yue Chang Dai’s is banned for 7 years from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.
Yue Chang Dai’s actions mean that he has been disqualified from the catering industry and the wider business environment for a significant period.
For full details see https://www.gov.uk/government/news/ban-for-takeaway-boss-who-hid-sales-to-avoid-tax