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Taxman issues warning after jeweller banned from running business

Company directors have been warned to keep detailed financial records after Gary Wright director of a watch and jewellery wholesaler AS Diamonds in Stevenage was banned from acting as a director for six years for failing to explain away irregular payments. Wright treated HMRC 'detrimentally', according to the Insolvency Service, by charging VAT on almost £500,000 worth of sales invoices but not filing any VAT returns or paying any VAT to HMRC. Although Wright did submit accounting records, they were considered 'inadequate' by the Insolvency Service who claimed they were unable to verify the purpose of payments made to himself

NAJ preview new website at IJL

The National Association of Jewellers will reveal the NAJ’s new brand identity and showcase its much-improved website, due to launch later this year. Members of the trade are invited to stop by for an interactive website demonstration. Visitors and exhibitors alike will benefit from one-to-one advice from our Intellectual Property Lawyers and video marketing specialists as well as HMRC, specialist high value experts. Companies’ signing up to membership at the show will benefit from no joining fee, saving up to £120. Individuals and companies enrolling on a JET course at IJL will also save 10%.  Budding entrepreneurs will be able