Short sighted West End optician sees four year ban for failing to pay tax

Optician Kanti Liladhar Fatania, director of Limited Edition Tranquille Limited has been banned from acting as a director for 4 years for failing to pay taxes, following an investigation by the Insolvency Service.

The disqualification, from 30 July 2014, prevents Mr Fatania from managing or controlling limited companies until July 2018.

Commenting on the disqualification, Sue Macleod, Head of Insolvent Investigations Midlands and West, said:

“Company directors have a duty to ensure businesses meet their legal obligations, including paying taxes. Failure to do so is not a victimless offence as it deprives the taxpayer of the funds needed to operate public services.”

“The Insolvency Service will take action against directors who do not take their obligations seriously.”

The Insolvency Service investigation showed that Mr Fatania, 55, failed to pay tax worth £78,108 between April 2010 and December 2012 to HM Revenue and Customs. During the same period, the company made payments to other parties of more than £600,000 with Mr Fatania receiving almost £120,000 of these monies.

The company, which traded as a dispensing optician and ocular prosthesis specialist under the stylesEyeformandHollands of Londonfrom an address just off Harley Street, went into voluntary liquidation on 13 December 2012 with a debt of £113,227.