In September 2019, it was the subject of a voluntary liquidation of creditors, which brought HK Construction to the attention of the Insolvency Department.
Investigators found that between November 2011 and February 2015, Hardip Khaira knowingly tricked the company into submitting false income tax returns.
Some invoices had been reduced to zero-rated sales to reduce the company’s tax liability.
Just over £ 225,000 in taxes was owed by HK Construction, which rose to over £ 426,000 when interest and penalties were applied for the willful concealment and default.
Realizing the liability to the tax authorities, Hardip Khaira placed the company into voluntary liquidation with creditors, resulting in outstanding liabilities to the tax authorities of over £ 426,000.
Robert Clarke, Chief Insolvency Investigator, said: “It is clear from our investigations that Hardip Khaira deliberately pressured the construction company into submitting false returns to reduce the amount of tax that the business had to pay.
“This is serious misconduct and a nine year ban not only demonstrates the seriousness of what Hardip Khaira has done, but also confirms that we will take action to remove the privilege of limited liability against those who think they can. do the same.