Penka Services Ltd abused a system designed to ensure more tax is paid
The boss of a Burnley construction firm has been hit with a banning order after the firm falsely claimed more than £110k through a Government tax scheme.
Penka Vasileva was responsible for Penka Services Ltd when it fraudulently claimed the six figure sum through the Construction Industry Scheme . The CIS allows contractors to deduct money from a subcontractor’s payments to pass it directly to HM Revenue and Customs . These sums then count as advance payments towards the subcontractor’s tax and National Insurance in a system which is designed to designed to increase revenue collected from the construction industry. In 2019, PSL registered with the scheme as both a contractor and a sub-contractor.The firm then submitted a CIS repayment claim to HMRC relating to the period ending February 5, 2020, based on payments allegedly received from a third party contractor company.
When HMRC investigated the CIS claim, it could find no record of payments to the company named on the application. Likewise, no payments could be found between that company and the other firm which actually received the money from PSL. It was then found that the company named on the form had gone bust in December 2019 and as a result of its findings HMRC froze the bank account of the other firm. It has successfully seized funds from that account while Vasileva, who was born in Bulgaria, never delivered any books or records to back up the claim.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inside Man Utd's week of woe: Greenwood U-turn, Burnley humbling, key injuriesThe past week has been one to forget at Old Trafford - on and off the field. This is the story of what happened
Lire la suite »
Decaying Burnley houses can't be turned into student flatsBurnley Borough Council said 'no' to the plans
Lire la suite »
Inside Man Utd's week of woe: Greenwood U-turn, Burnley humbling, key injuriesThe past week has been one to forget at Old Trafford - on and off the field. This is the story of what happened and when...
Lire la suite »
Burnley v Aston Villa team newsPreview followed by live coverage of Sunday's Premier League game between Burnley and Aston Villa.
Lire la suite »
Burnley vs Aston Villa: Live stream, TV channel, kick-off time & where to watchWhere to watch the Premier League match online between Burnley and Aston Villa, including live streams, TV channels, kick-off time and more.
Lire la suite »
Premier League: Build-up as Blades host Man City & Burnley face VillaFollow live 5 Live commentary & live text updates from three Premier League games, including Newcastle versus Liverpool.
Lire la suite »