[UK] 'Rogue' payroll company director banned over £2m tax underpayment

In the UK, a payroll company boss has been disqualified from his role after the business underdeclared its taxes by more than £2 million, BBC News reports.

Hubert Omukhulu's company, Remedy Payroll Solutions Ltd, owed £2,584,044 between June 2020 and September 2021 yet it declared only a tenth of this amount.

Mr Omukhulu (36) from Sheffield, has now reportedly been disqualified as a company director for eight years.

Debbie Porter - HMRC assistant director of fraud investigation - said, "We are determined to create a level playing field that allows honest businesses to thrive, which is why it's crucial [authorities] act against rogue directors."

Tax returns submitted by Remedy Payroll Solutions suggested it had no VAT to pay in 2020 and just over £260,000 in 2021.

HMRC investigated the company's accounts then contacted its customers to calculate the true amount of VAT owed.

Kevin Read - chief investigator at the Insolvency Service - said, "This money should have gone towards funding vital public services such as the NHS, schools and our nation's defence.

"Omukhulu's conduct falls well below the standards the Insolvency Service expects which is why he has been banned as a company director until 2033."

Source: BBC News

(Quotes via original reporting)

In the UK, a payroll company boss has been disqualified from his role after the business underdeclared its taxes by more than £2 million, BBC News reports.

Hubert Omukhulu's company, Remedy Payroll Solutions Ltd, owed £2,584,044 between June 2020 and September 2021 yet it declared only a tenth of this amount.

Mr Omukhulu (36) from Sheffield, has now reportedly been disqualified as a company director for eight years.

Debbie Porter - HMRC assistant director of fraud investigation - said, "We are determined to create a level playing field that allows honest businesses to thrive, which is why it's crucial [authorities] act against rogue directors."

Tax returns submitted by Remedy Payroll Solutions suggested it had no VAT to pay in 2020 and just over £260,000 in 2021.

HMRC investigated the company's accounts then contacted its customers to calculate the true amount of VAT owed.

Kevin Read - chief investigator at the Insolvency Service - said, "This money should have gone towards funding vital public services such as the NHS, schools and our nation's defence.

"Omukhulu's conduct falls well below the standards the Insolvency Service expects which is why he has been banned as a company director until 2033."

Source: BBC News

(Quotes via original reporting)