Should my employer be allowed to continue trading?

[pieman111111]

My employer has recently had a winding up order issued against them by the Inland Revenue. This was due to non-payment of tax (namely the employees) and also VAT. They have entered into A CVA (Companies Voluntary Agreement) where they will pay all creditors back over a time period of 3-5 years. My question is this, how can our Managing Director escape any punishment? Should he be struck off being a director?

PS The Managing Director employed a financial advisory company to advise on financial matters and this is how the company has ended up.

[jake-the-peg]

See here for details on director disqualification

http://www.insolvency.gov.uk/directordisqualificationandrestrictions/whatisdisqualification.htm

[patriciather]

Hi, id look into the non paying of tax -he hasnt been paying staff tax you said - where does this leave you i wonder?

[pieman111111]

Thanks for the replies. Members of staff are receiving letters from the Inland Revenue stating that their tax accounts are not up to date. All P60's state that the tax has been deducted at source, it just hasn't been passed on to the Inland Revenue. Hence the reason why they issued the winding up order. Personally I am unconcerned about this as the P60 states that deductions have been made. I just cannot get over the fact that he blatantly did this, and seems to have got away with it, as he has now agreed to pay it back. Seems pre-meditated to me and intentional and therefore illegal (?)