Restaurant boss served with ban over £200k tax discrepancy
4 Jun 2020
A North London restaurateur who under-declared more than £200,000 in tax has been disqualified from being a company director for six years
4 Jun 2020
Ifras Coruk, from Edmonton, was the sole director of Village Mangal Ltd, which was set up in December 2012.
The company traded as a Turkish restaurant called Village Mangal in Amersham, Buckinghamshire, but began to struggle and by January 2019 had entered into creditors voluntary liquidation.
The insolvency process, however, triggered further investigations into Coruk’s conduct due to the company’s tax irregularities.
Investigators uncovered that he had caused the company to under-declare its sales in various tax returns between December 2012 and September 2015.
At the point of liquidation, Village Mangal had liabilities of just over £220,000 connected to the undeclaring of its sales, which resulted in penalties of over £98,000 also being issued.
Lawrence Zussman, deputy head of insolvent investigations for the Insolvency Service, said: ‘Ifras Coruk failed to take his responsibilities as a director seriously and the risks he took ultimately ended up in his removal from the business environment for a substantial amount of time.’