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4 October 2019

Tax offences land engineering boss with 11-year ban

An air conditioning company director has been banned from being involved in the formation, promotion or management of a company, directly or indirectly, for 11 years. This comes after he caused an engineering firm to avoid paying taxes, while drawing funds for himself.

Abraham Briscoe was the sole director of the company Three Points Engineering and it was his responsibility to ensure the engineering company paid the right amount of taxes. However, through inquiries made by HMRC and the Insolvency Service, it was proved that Mr Briscoe had regularly caused the company to declare incorrect levels of tax liabilities due.

Between July 2011 and June 2014, Mr Briscoe deliberately failed to declare around £400,000 worth of income to the tax authorities.

HMRC raised assessments for the unpaid tax and levied penalties against Three Points Engineering. This remained unpaid when the engineering company entered into liquidation in November 2018.

In excess of £200,000 worth of tax was outstanding when the company entered into liquidation and investigators established that Mr Briscoe had drawn down more than £1.2 million from the company.

On 9 September 2019 the secretary of state accepted an 11-year disqualification undertaking by Mr Briscoe after he did not dispute that he had deliberately under declared the company’s VAT liabilities.

Jane Knight, deputy head of Insolvent Investigations Midlands & West, said: 'Abraham Briscoe failed to declare Three Points Engineering’s true liabilities to HMRC. Under-declaration of taxes due by a company deprives the exchequer of the monies needed to provide public services.

'His disqualification means that he will not be able to run a limited company for eleven years and will help to protect HMRC from future losses. The Insolvency Service will not hesitate to pursue disqualification in such cases.'

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