- Hassan Waqar, a Dubai-based director, banned for 11 years for falsifying VAT returns.
- His four companies owed HMRC over £1.1 million, including £400,000 in falsely reclaimed VAT.
- Companies involved: HN Restaurants Limited, Kiani Construction Limited, Moneemint Ventures Limited, Zoya Investments Limited.
- Companies submitted falsified documents or failed to provide evidence for VAT claims.
- All companies were struck off the Companies House register between February and June 2023.
- HMRC issued penalties totaling £706,692 to the companies.
- Waqar’s companies received £396,982 in VAT repayments they were not entitled to.
- Investigations revealed discrepancies in invoices and bank statements provided to HMRC.
- The Insolvency Service is committed to taking action against directors who violate legal and financial obligations.
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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