Jail ride for minicab directors over accounting failures » National Taxi Association

Two company directors who ran a taxi hire company have received jail sentences and been disqualified for failing to keep adequate accounting records and failing to pay £150,000 in VAT owing to HMRC, following an Insolvency Service investigation Two disqualified directors who were found to be in control of a series of retail businesses while still banned from running a company have received prison sentences and a further disqualification, following an investigation by the Insolvency Service and the Department for Business, Innovation and Skills (BIS) into the companies which collapsed owing over £10m Arfan Khan and Gerard Burns, both from Middlesbrough were directors of Thornaby Cars Ltd trading as Royal Cars. The company was wound-up on 28 July 2010 following a petition by HMRC. The investigation found Khan and Burns unlawfully transferred £150,0000 from the company before...

Full article: http://www.national-taxi-association.co.uk/?p=9238

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