A payroll services boss has been banned for orchestrating a multi-million pound tax avoidance scheme.
Leicester-based Scott Rooney was appointed sole director of Magnetic Push Limited in February 2017.
The company provided payroll services, trading from an office in Liverpool, and was previously known as The Knowledgeshares Limited and My PSU Subcontractors Limited.
Magnetic Push operated for just 11 months before it went into liquidation and was voluntarily wound up.
But the liquidator told the Insolvency Service that Rooney refused to co-operate and failed to provide the companys books and records.
The Insolvency Service launched an investigation andfound that Magnetic Push was playing an active role as an umbrella company in a …
Read the full article at: https://www.ftadviser.com/companies/2021/06/11/director-banned-over-role-in-tax-avoidance-scheme/
