Courts ban scaffolder for tax abuse
Scaffolder from Berkshire has been disqualified by the courts for 6 years after failing to pay close to £210,000 of tax.
On 18 October 2022, Vincent Christopher Larkin (51), from Bracknell, Berkshire, received a 6-year disqualification order in the High Court of Justice before Insolvency & Companies Court Judge Jones.
During proceedings the court heard that Vincent Larkin was the director of a scaffolding company called V Larkin Limited. Trading as Olympic Scaffolding, the scaffolders was incorporated in February 2006.
The scaffolding firm, however, went into liquidation in May 2019 and V Larkin Limited’s insolvency triggered an investigation by the Insolvency Service.
Investigators uncovered that Vincent Larkin caused the scaffolders to trade to the detriment of the tax authorities when V Larkin Limited failed to pay £209,000 worth of business and employee-related tax from the tax year ending 2016/2017.
Further enquiries revealed that between April 2017 and right up to the point the company was heading into liquidation in May 2019, Vincent Larkin caused the scaffolders to make payments totalling close to £489,000 but no payments were identified as having been made to the tax authorities.
Vincent Larkin did not attend court and in his absence was disqualified and ordered to pay costs of £7,355.80.
Lawrence Zussman, Deputy Head of Company Investigations at the Insolvency Service, said:
As a company director, Vincent Larkin had a duty to ensure the scaffolding firm declared and paid the correct amount of taxes due. Our enquiries, however, clearly showed that Vincent Larkin systematically abused the tax authorities when the scaffolders failed to pay more than £200,000 of tax.
This type of behaviour from a company director is deplorable and we will not hesitate in taking action against tax abuse.
Notes to editors
Vincent Christopher Larkin’s date of birth is October 1971.
V Larkin Limited (Company Reg no. 05703531).
Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings. Persons subject to a disqualification order are bound by a range of other restrictions.
Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.
Latest News from
London letting agent hit with 11-year ban after repeat abuse of Bounce Back Loan scheme23/12/2022 13:15:00
Letting agency boss claimed multiple loans totalling £100,000 from two different banks, and attempted to claim a further £50,000 through the scheme
Investors lose £8 million in care home scheme02/12/2022 09:25:00
Director from Ringwood banned for a decade after he secured investments to fund a scheme to build care apartments despite not having planning permission.
Essex property developer banned for falsely claiming Bounce Back Loan25/11/2022 09:15:00
Director of Brentwood property development company disqualified for 11 years after overstating his company’s turnover in order to claim £50,000 that the business was not entitled to.
Construction and coaching bosses banned for Covid loan abuse14/11/2022 10:05:00
Directors of construction and sports coaching companies falsely claimed a total of £73,000 in Bounce Back Loans
Software developer banned for abusing £850,000 of investments14/11/2022 09:05:00
Salford software developer in 12-year disqualification after securing £850,000 of investments for company only to receive money directly into personal account.
Seafood supplier boss hit with 11-year ban after failing to pay nearly £1m tax11/11/2022 15:10:00
Director misappropriated over £2 million from company funds, resulting in the public purse losing out nearly £1 million.
Restaurateurs disqualified after abusing Bounce Back Loans11/11/2022 09:05:00
3 restaurateurs have been banned from running businesses for a total of 26 years after abusing £150,000 worth of government-backed loans.
Laugharne hotel investment scheme lands director with ban04/11/2022 10:05:00
Director behind luxury Carmarthenshire hotel has been disqualified for eight years after he allowed company to mislead investors