The Insolvency Service (IS) has banned a North London accountant from acting as a director for five years for failing to ensure his company paid its tax liabilities.
David Lowe's 15-year-old accountancy firm, DPL Business Services, was wound up in March 2012 with £147,472 of tax debt.
The 62-year-old received the ban following an IS investigation. He gave an undertaking to the Secretary of State for Business, Innovation and Skills that he won't act as a director for five years.
This means that he may not be the director of a company or be involved in the management of a company in any way for the duration of his disqualification unless he has permission from court.
In giving the undertaking, he didn't dispute that he had caused his firm to trade to the detriment of HMRC.
Companies House shows DPL Business Services as currently in liquidation with a wind-up date of 21 March 2012.
IS senior investigator Mark Bruce said that this sends a "clear message" to other company directors.
"If your company becomes insolvent because you have not taken seriously your responsibilities as a director when dealing with payment of tax, the Insolvency Service will investigate you and you could be taken away from doing business," he said.