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Markethill director disqualified after company evades VAT in excess of £15m

Milltown Industrial Estate, Warrenpoint
Milltown Industrial Estate where the company traded from

A Markethill director has been banned for 12 years after his company was involved in evading £15million in VAT.

The Department for the Economy (the Department) has accepted the disqualification of Caolan McArdle, 33, of Coolmillish Road, Markethill, in respect of his conduct as director of Whitmount Limited.

The Company acted as a Wholesale and distributor of food and drink trading from Unit 2, Crilly Yard, Milltown Industrial Estate, Warrenpoint and went into liquidation on July 21, 2017 with an estimated deficiency as regards creditors of £2,583,784.

There was a total of £200 owing as Share Capital, resulting in an estimated deficiency as regards members of £2,583,984.

The Department accepted the disqualification undertaking from McArdle on October 6, 2021 based on the following unfit conduct which solely for the purposes of the disqualification procedure was not disputed:

Knowing or ought to have known from July 1, 2014 that the Company participated in transactions connected with the fraudulent evasion of VAT. The Company sought to claim back the VAT charged as input tax where output tax had not been paid, thereby causing VAT in the amount of £15,072,975.92 to be owed by the Company; The Department has accepted twenty Disqualification Undertakings in the financial year commencing April 1, 2021.

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