Takeaway owner from Kent banned for 7 years after undeclaring orders to avoid paying £265,000 worth of taxes
Yue Chang Dai (56), from Dartford, Kent, was the sole director of Good View Da Ltd. The company was incorporated in April 2016 and traded as the Good View takeaway on Watling Street in Dartford.
Good View Da, however, was unable to pay its debts and the company was placed into creditors voluntary liquidation in October 2019 before Yue Chang Dai’s conduct was referred to the Insolvency Service for further enquiries.
Investigators found that Yue Chang Dai had deliberately concealed the true amount of take away orders to avoid paying tax worth just under £265,000.
In total at liquidation, Yue Chang Dai owed the tax authorities almost £364,000, including penalties and interest.
On 21 December, the Secretary of State accepted a disqualification undertaking from Yue Chang Dai after he did not dispute that he failed to ensure that Good View Da Ltd submitted accurate tax returns by supressing the business’s turnover.
Effective from 11 January 2021, Yue Chang Dai’s is banned for 7 years from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company.
Lawrence Zussman, Deputy Director of Insolvent Investigations for the Insolvency Service, said:
From the very start of trading, Yue Chang Dai deliberately supressed takings with the sole intention of avoiding paying the correct amount of taxes.
He thought he could walk away from his responsibilities without repercussions but instead Yue Chang Dai’s actions means he has been disqualified from the catering industry and the wider business environment for a significant period.
Notes to Editors
Yue Chang Dai’s date of birth is December 1964.
Good View Da Ltd (Company Reg no. 10119008).
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.