Falsified VAT returns lands 6-year ban for Wokingham man
Mario Edward Sanvitale, director of 1st Milestone Ltd, has been disqualified after an investigation which found the company falsified VAT returns resulting in a loss of £146,884 to HMRC.
Mr Sanvitale was a director of 1st Milestone Ltd which traded as a supplier of computer systems and software. The company entered administration on 1 August 2016.
The investigation found that Mr Santvitale had caused the company to submit 2 false VAT returns to HMRC under declaring sales made in the period December 2015 to July 2016. Had these returns been properly done, HMRC would have been aware of further VAT due of £146,884.
At administration, HMRC were owed £147,505 for VAT.
Commenting on the disqualification, Sue McLeod, Chief Investigator at the Insolvency Service, said:
Falsifying VAT returns is dishonest and gains an unfair advantage over competitors. Taking action against Mr Sanvitale is a warning to all directors to seriously consider, and ensure they perform their duties and obligations and not hide behind the corporate veil.
Notes to editors
1st Milestone Ltd (CRO 02919488) was incorporated on 15 April 1994. Its registered office was Savoy House, Savoy Circus, London W3 7DA and traded from Westgate House, Westgate, London W5 1YY.
Mario Edward Sanvitale is of Wokingham and his date of birth is November 1952.
The Secretary of State accepted an undertaking from Mario Edward Sanvitale on 21 March 2017. The disqualification commences on 11 April 2017.
A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:
- act as a director of a company
- take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
- be a receiver of a company’s property
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.
The Insolvency Service, an executive agency sponsored by the Department for Business, Energy and Industrial Strategy (BEIS), administers the insolvency regime, and aims to deliver and promote a range of investigation and enforcement activities both civil and criminal in nature, to support fair and open markets. We do this by effectively enforcing the statutory company and insolvency regimes, maintaining public confidence in those regimes and reducing the harm caused to victims of fraudulent activity and to the business community, including dealing with the disqualification of directors in corporate failures.
BEIS’ mission is to build a dynamic and competitive UK economy that works for all, in particular by creating the conditions for business success and promoting an open global economy. The Criminal Investigations and Prosecutions team contributes to this aim by taking action to deter fraud and to regulate the market. They investigate and prosecute a range of offences, primarily relating to personal or company insolvencies.
The agency also authorises and regulates the insolvency profession, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice. Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.
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Published: 10 April 2017
From: The Insolvency Service