Security firm boss banned over £400k tax bill
21 Feb 2020
The boss of a Leeds-based security firm has been banned from being a director after failing to file or pay more than £400,000 due in taxes
21 Feb 2020
March Green was a director of Smarta Security Ltd since its incorporation in November 1999. The company supplied security and cleaning services from premises in Churwell, Leeds.
Subsequently the company struggled financially and Green sold his shareholding to a third party.
Following his resignation as a director of Smarta Security in January 2016, his activities were put under the spotlight after the firm entered into liquidation in February 2016.
While winding-up Smarta Security, liquidators uncovered that the company had failed to pay the correct amount of tax.
According to the liquidation state of affairs document produced in April 2016, the company owed £436,972 in PAYE, having failed to make the necessary returns or payments.
Following the Insolvency Service investigation, Green has been banned for five years and six months from acting as a director.
Ken Beasley, official receiver for the Insolvency Service, said: ‘Deliberate neglect of tax affairs is not a victimless action as it deprives the taxpayer of the funds needed to operate public services.
‘Company directors have a duty to ensure businesses meet their legal obligations, including paying taxes, and the Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position of trust.’