Restaurant boss banned for hiding £130k tax
21 Dec 2020
A Brighton restaurant owner has been banned for six years for deliberately under declaring tax resulting in liabilities of more than £130,000
21 Dec 2020
Byron Swales was director of Indian Summer UK Ltd, which traded as the Indian Summer restaurant on East Street in Brighton.
Indian Summer UK Limited was incorporated in September 2003 but entered into creditors voluntary liquidation in May 2019, and was referred to the Insolvency Service for investigation.
Investigators found that Swales had under declared the restaurant’s orders and that he had failed to accurately account for tax owed from December 2011 until February 2018.
As a result, Indian Summer UK owed £130,174 in tax, interest and penalties.
David Argyle, deputy head of investigations for the Insolvency Service, said: ‘Byron Swales concealed transactions from company books for over seven years to avoid tax obligations and keep money destined for the public purse.
‘As a result of our investigations, Byron Swales will be banned from the business environment for six years, severely curtailing his activities.’