UK oil consultancy director banned for not paying taxes

An oil consultancy director has been banned for not paying his taxes. Graeme Rogerson, who was the sole director of GKTD Limited, has been disqualified from acting as a director […]

By Priyanka Shrestha

An oil consultancy director has been banned for not paying his taxes.

Graeme Rogerson, who was the sole director of GKTD Limited, has been disqualified from acting as a director for five years after paying himself more than £379,000 up to January 2015 but not his taxes.

HM Revenue and Customs was the company’s only creditor and was owed £55,009, according to the Insolvency Service.

Robert Clarke, Head of Company Investigation at the Insolvency Service said: “The majority of businesses pay their taxes as required. In this case, not only did the company gain an unfair advantage by not paying its taxes properly but the director also benefitted personally, taking large amounts of money that could have been used to pay its outstanding tax.

“This ban should serve as a reminder to any directors tempted to do the same: the Insolvency Service will vigorously investigate you and seek to remove you from the marketplace.”