Events bosses banned for 18 years
14 Sep 2020
A husband and wife team who ran an events and promotions marketing company based in Gateshead have been banned as director for 18 years after abusing the tax regime
14 Sep 2020
Charlies Sludden and his wife, Karen Sludden, were directors of KLB Promotions and Events Ltd, which was incorporated in 1996 and supplied promotional marketing products for clients to use typically at exhibitions or within retail stores.
In August 2019, the company entered into creditors voluntary liquidation, and the Insolvency Service began an investigation after discovering irregularities in its tax returns.
This established that between May 2010 and February 2017, KLB Promotions and Events submitted 16 incorrect tax returns to the tax authorities.
The incorrect tax returns also resulted in the tax authorities making repayments to KLB Promotions and Events totaling more than £146,000.
The Sluddens then used the misappropriated funds on personal and family expenses. Each has now been disqualified for a nine year period.
Rob Clarke, chief investigator for the Insolvency Service, said: ‘Charles and Karen Sludden embroiled themselves in a deliberate and protracted policy of making false tax claims, generating repayments to secure income for personal and family expenses.
‘Directors have a firm duty to ensure they deal properly with their company’s tax affairs. Charles and Karen Sludden have paid the price for failing to do this and have been removed from the corporate arena for a substantial amount of time, reflecting the severity of their actions.’