Following an investigation by the Insolvency Service, the secretary of state for business accepted a disqualification undertaking from Juris Vezenkovs for seven years, effective from 7th November 2017.
Vezenkovs was sole registered director of McDouglas Developments Ltd and failed to ensure that the receipts were declared on the company鈥檚 VAT returns. This resulted in under-declared VAT of 拢459,000.
McDouglas Developments was incorporated on 9th September 2015 and traded from Manchester as a provider of dry lining, plastering and roofing services. It went into liquidation on 26th October 2016, with liabilities to creditors of 拢1,584,512 of which 拢1,574,512 was owed to HM Revenue & Customs.
Insolvency Service chief investigator Susan MacLeod said: 鈥淐ompany directors have a duty to ensure businesses meet their legal obligations, including paying taxes. Neglect of tax affairs is not a victimless action as it deprives the taxpayer of funds needed to operate public services. The Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position.鈥�
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