Named & Shamed: Deliberate Tax Defaulters: List No. 4

HMRC published the 4th list of Deliberate Tax Defaulters today.  There are 13 businesses on the new list, adding to the 39 previously named and shamed – in February, May and August this year.

Yet again, the list seems to consist of relatively small owner managed businesses. This time very few individuals are named: instead often only the business name appears.  The businesses named on the list and the total tax and penalties (but not interest) they had to pay include the following:

  • Rice bowl Ltd, Chinese restaurant, formerly of Londonderry, £100,000;
  • Wine Cellar Consolidations Ltd, formerly of Wembley, £1.6 million;
  • SSD Contracts (construction labour supply), formerly of Wolverhampton, £80,000;
  • Prime Motor Yachts Ltd, formerly of Portland Marina, £270,000;
  • Patrick Machin, haulier, County Armagh, £120,000;
  • Shendul Fish bar, Tonbridge, £60,000;
  • Serton Ltd, trading as A1M cash-and-carry (wholesale alcohol), formerly St Neots, £75,000;
  • KDFK Construction, Forest Gate, London, £175,000;
  • Neil McArthur-Boyd, hairdresser, Glasgow, £60,000;
  • Wai Ming and Marvin Cheung, formerly trading as Treasure Express (takeaway), Gateshead, £50,000;
  • Wasteaway Skip Hire (Liverpool) Ltd, Bootle, £100,000;
  • The Volunteer Arms Southport Ltd (public house), formerly of Southport, £100,000;
  • Paul Johal, property rental, Wolverhampton, £410,000.

HM Revenue & Customs are allowed to publically denounce deliberate tax defaulters after a tax investigation where the person has been charged penalties for deliberate tax defaults and where the additional tax due is more than £25,000.  However, the taxman won’t publish where the person has earned the maximum penalty reduction by fully disclosing details of the irregularities.

What does this mean for me?
Anyone who is undergoing a tax investigation or compliance check, or has any tax problems to disclose, potentially risks being named and shamed.  However, where people are properly represented by experienced professionals then it should be wholly exceptional to end up on this list.  A good quality tax investigations specialist will advise their clients in a way that will usually preclude them from being named and shamed in this way.

How can Lynam Tax Investigation Specialists Help Me?
If you are undergoing a tax enquiry, or have any tax irregularities to disclose, then you should consult a specialist.  Lynam Tax Enquiry Experts have a huge amount of experience in dealing with disclosures and tax investigations. We will be able to assist you in obtaining the optimum outcome, including avoiding being named and shamed.

*For a free, private, no obligation consultation, call Paul Lynam today on 0845 643 9997
or Andrew Nutbrown on 07718 778710