Leicester company boss banned for multi-million pound tax avoidance scheme, says Insolvency Service

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The boss of a payroll business has been banned from operating as a company director for 11 years for orchestrating what the government said was a multi-million pound tax avoidance scheme.

According to the Insolvency Service, Scott Ian Rooney, who is aged 40, and from Leicester, had also failed to justify £37 million of expenditure in a period of just 11 months.

The service said Rooney was appointed sole director of Magnetic Push Limited in February 2017, which traded for just 11 months before it went into liquidation and was voluntarily wound up.

The business – which the Insolvency Service said traded from a serviced office in Liverpool, and was previously known as The Knowledgeshares and My PSU Subcontractors – provided payroll services.

Rooney came to the attention of

 link source - Business Live News

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