Northamptonshire director banned for 12 years over false VAT claims

Gordon McLure, a Northamptonshire businessman who made false VAT returns for three companies of which he was director, has agreed to a voluntary disqualification undertaking of 12 years for making claim repayments totaling £882,068

Each of the three companies went into liquidation and in each case the largest creditor was HMRC, for unpaid VAT.

Property development company Home Net (UK) Ltd, of which McLure was a director from November 1998 to March 2012, went into Creditors Voluntary Liquidation (CVL) on 29 March 2012 with an estimated deficiency of £716,072.

A second property development company, West Homes (UK) Ltd, where McLure was a director from July 2004 to March 2012, went into CVL on the same date with an estimated deficiency of £308,965.

The third company, UCO Fuel Ltd, which was a manufacturer of refined petroleum products, also went into CVL on 29 March 2012. McLure was a director from May 2008 until that date.

An Insolvency Service investigation found that Home Net (UK) Ltd had submitted seven returns covering the VAT quarters ended 30 November 2008 to 31 May 2010 inclusive, falsely claiming repayments totalling £508,821.

West Homes (UK) Ltd submitted eight returns covering the VAT quarters ended 31 May 2008 to 28 February 2010 inclusive, falsely claiming repayments totalling £221,022, while UCO Fuel Ltd put in seven returns covering the VAT quarters ended 31 December 2008 to 30 April 2010 inclusive, falsely claiming repayments totalling £169,682.

Sue MacLeod, chief investigator at the Insolvency Service, said: ‘Company directors should note from this enforcement result that any failure to properly account to HMRC is likely to lead to serious censure.

‘In this particular case, McLure knowingly submitted false returns in order to claim monies from HMRC to which he was not entitled, meaning that both HMRC and taxpayers lost out.’

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Pat Sweet |Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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