-->

Latest News

Husband & wife chip shop bosses disqualified



The husband and wife directors of a fish and chip franchise in Morden, London, have been disqualified from acting as company directors for seven years after failing to record all of their cash takings and under-declaring their VAT.


Tuncay and Leyla Saglam, who set up Mr Cod in 2008, owed more than £545,000 in arrears of VAT, PAYE and National Insurance Contributions, and Corporation Tax by the time the takeaway went into liquidation in 2016.

The disqualifications follow collaboration between the Insolvency Service and HMRC whose investigations established that the pair caused or allowed the company to submit inaccurate statutory VAT returns by the deliberate suppression of sales income being to their benefit.

Commenting on the disqualification, Lawrence Zussman, deputy head of investigations with the Insolvency Service said: “The periods of these disqualifications sends a clear message to other company directors that tax abuse of any kind, particularly when it comes to suppression of cash takings by directors will not be tolerated.

“Defrauding the Exchequer of taxes, deprives the public services of much needed funds required to ensure the public receives the services it rightfully deserves.

“The Insolvency Service will therefore not hesitate to take action against directors so they cannot abuse limited liability provided by trading through a company.

Mr Cod operates a number of fish and chip franchises in South East England specialising in fish and chicken. It was launched in 1979 by John Brewer, a previous director of Kentucky Fried Chicken.

Archive

Score Premier League match tickets with KFE

With the FIFA World Cup due to take over our screens in the next few weeks, range manufacturer KFE is launching a competition to win a pair of Premier League match tickets

Sugar tax sees shift to healthier soft drinks

Higher soft drinks prices as a result of the sugar tax have not affected volume sales, but have driven consumers to make healthier choices with one of every 13 soft drinks sold a low sugar alternative

Seafood Restaurant of the Year open for entries

Entry for this year’s Seafood Restaurant of the Year Competition is now open

Cornish pub incorporates fish and chip shop

A pub in west Cornwall has reopened following a £100,000 refurbishment complete with a fish and chip shop
<< Newer
11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20
Older >>