Day: July 30, 2018

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Press release: Foreign Secretary remarks during press conference in Beijing, 30 July 2018

Thank you Minister Wang for your hospitality. This is actually my first trip outside Europe as Foreign Secretary. And the reason I chose to come to China is because it is an incredibly important relationship for the UK. We have nearly £70 billion of trade every year, 150,000 Chinese students studying in the UK.

Our exports to China went up 32% last year alone. But as Foreign Minister Wang said, it is not just about the bilateral relations. It’s also about the way we work with China as a permanent member of the Security Council; in other parts of the UN; in international hotspots like Syria; in organisations like the World Trade Organization. And we had very comprehensive discussions about areas where we are in strong agreement such as the importance of free trade and building prosperity across the world, in upholding the rules-based international order, but also areas where we have different views such as human rights. In all cases our discussions were frank and open – we talked about absolutely everything and they were very constructive.

Two things I think of particular interests to the people back home was the offer made by Foreign Minister Wang to open discussions about a possible free trade deal done between Britain and China post-Brexit, and we said that’s something we welcome and we said that we will explore. We also brought up some important consular cases including the case that’s worrying a lot of the people in the UK of the Simpson children, and Foreign Minister Wang said that he would look into that case whilst also of course respecting the independence of the Chinese legal system.

In summary I would say China and Britain have very different systems, but we do have a lot in common. We in the UK think the rise of China, China’s economy and Chinese power, can and must be a positive force in the world. And we want to work very hard to strengthen and deepen our relationship to make sure that’s the case.

Link: Press release: Foreign Secretary remarks during press conference in Beijing, 30 July 2018
Source: Gov Press Releases

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Press release: 9-year ban for restaurant boss after failing to pay correct tax

Azam Ali was the sole registered director of the company Pabna Restaurant Ltd (Pabna), which traded as an Indian restaurant in Pontefract, West Yorkshire.

The restaurant began trading in 2006 as a family business owned by Azam Ali’s brother before Azam Ali took over the business in 2011. He then incorporated it as a limited company in March 2012.

The company catered to the West Yorkshire area and traded from property which the company owned in Ropergate, Pontefract. But in April 2017, the company entered into voluntary liquidation having not paid the right amount of tax.

The Insolvency Service carried out investigations following the company’s liquidation and found that Azam Ali caused the company to suppress and conceal sales figures, which meant the company under-declared and underpaid the correct amount of tax.

As a result, on 7 June 2018 the Secretary of State accepted a disqualification undertaking from Azam Ali where he did not dispute the Insolvency Service’s findings.

Effective from 28 June 2018, Azam Ali is now banned from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company for 9 years.

Commenting on the disqualification, Lawrence Zussman, Deputy Head of Investigations for the Insolvency Service said:

The majority of businesses comply with statutory legislation. However, some companies fail to do so and deliberately underpay their taxes.

The ban of Azam Ali demonstrates our determination to clamp down on those directors who avoid paying the correct levels of tax and we will levy hefty periods of disqualification whether they cooperate or not.

Notes to editors

Azam Ali stated he is of Bangladeshi nationality and gave his date of birth as November 1978.

Pabna Restaurant Ltd (Company Reg no. 07990640) and traded from property which the company owned at 19, Ropergate, Pontefract WF8 1LG.

Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings. Details of Azam Ali’s disqualification is found here.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot:

  • act as a director of a company
  • take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership
  • be a receiver of a company’s property

Persons subject to a disqualification order are bound by a range of other restrictions.

The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

Contact Press Office

Media enquiries for this press release – 020 7674 6910 or 020 7596 6187

Press Office

The Insolvency Service

4 Abbey Orchard Street
London
SW1P 2HT

This service is for journalists only. For any other queries, please contact the Insolvency Enquiry line on 0300 678 0015.

For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000.

You can also follow the Insolvency Service on:

Link: Press release: 9-year ban for restaurant boss after failing to pay correct tax
Source: Gov Press Releases

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Press release: Foreign Secretary visits China

The Foreign Secretary, Jeremy Hunt, today (Monday 30th July) began his first major international trip since his appointment, visiting Beijing to meet his Chinese counterpart and further enhance UK-China relations.

Foreign Secretary Hunt’s trip will build on the successful visit by the Prime Minister at the start of the year during which the two countries:

  • signed major new commercial deals worth over £9 billion pounds, creating and securing jobs and prosperity in both the UK and China;
  • agreed new measures to improve market access in China and remove barriers to trade, including an agreement which led to the lifting of the BSE ban on British beef exports last month;
  • agreed to open up the Chinese market to enable UK financial services expertise to reach more Chinese consumers.

The Foreign Secretary will hold extensive discussions with Chinese State Counsellor and Minister of Foreign Affairs Wang Yi in the UK-China Strategic Dialogue. Topics expected to be discussed will be the importance of multilateralism and free trade and ways the UK and China can work together on global challenges such as climate change, development, security and non-proliferation and enforcing UN sanctions on North Korea. They will also explore ways to build on the already strong economic ties between the UK and China.

Speaking ahead of the visit, Foreign Secretary Jeremy Hunt said:

The UK and China are both major powers with a global perspective. As the UK leaves the EU and becomes ever-more outward-looking, we are committed to deepening this vital partnership for the 21st century.

The UK-China Strategic Dialogue is an important opportunity to intensify our cooperation on shared challenges in international affairs, ranging from global free trade to non-proliferation and environmental challenges, under the UK-China Global Partnership and ‘Golden Era’ for UK-China relations.

Following his visit to China, the Foreign Secretary will be travelling to Paris and Vienna for talks with his counterparts on the UK’s exit from the EU, and international security issues such as the threat from Russia, the war in Syria, and the Iran deal.

Further information

Media enquiries

For journalists

Link: Press release: Foreign Secretary visits China
Source: Gov Press Releases