Former Fareham restaurateur banned from running businesses after tax offences
THE former boss of a Fareham steakhouse has been banned from running companies for the next six years, after giving incorrect information to tax authorities.
Mohamed Giash Uddin, 48 from Portsmouth, was appointed as a director of Rancho Steak House in West Street, Fareham, at the same time that the company was incorporated.
But for more than three years, Uddin under-declared more than £42,000 of VAT contributions between December 2013 and August 2017.
This omission meant the company’s profits increased, and so should have paid additional corporation tax.
After a court order to dissolve the company was issued in December 2018, investigators from the insolvency service discovered that the company owed a further £21,000 in tax on loans to directors, while also failing to pay outstanding penalties issued by the tax authorities.
Uddin did not dispute submitting inaccurate information to the tax authorities and as of January 13, he cannot be involved in the formation, promotion or management of a company, directly or indirectly – for six years.
Dave Elliot, chief investigator for the insolvency service, said: ‘It wasn’t a one-off event when Mohamed Uddin failed to submit accurate information to the tax authorities but something he continued to do over several years, depriving the exchequer of statutory tax contributions.
‘This disqualification means that Mohamed Uddin will not be able to run a limited company for six years and this will help to protect the tax authorities from future losses.’