Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Demolition director banned for failing to pay VAT

Craig Allsop, director of Bradford-based Demeq (UK), has been banned from acting as a director for five years after the firm failed to submit VAT returns, and to disclose £253,742 of VAT from sales.

The undisclosed VAT was on sales between August 2001 and May 2010. The disqualification follows an investigation by the Insolvency Service.

Demeq was placed into creditors’ voluntary liquidation in December 2010, and has a deficiency to creditors of over £300,000.

The firm manufactured demolition equipment from its commercial premises in Bradford.

Claire Entwistle, director of company investigations (north), said: “Mr Allsopp failed to ensure that the company complied with its statutory requirements to submit returns and pay VAT for a significant period, while continuing to charge VAT on its sales. 

“The company kept the money paid by its customers in tax. This is stealing twice – first from those customers who paid the VAT, and second from the Crown, to whom the VAT was owed.

“The public can be assured that The Insolvency Service will take tough action against directors who fail in their statutory obligations to hand over money collected on behalf of the Crown.”

Mr Allsop now cannot act as a director of a limited company, take part in the promotion, formation or management of a company, be a liquidator or administrator of a firm, or be a receiver or manager of a company’s property.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.