That is surely the effect of imposing fines not only on the company, but also on the director. What happened to the corporate veil?
There was also some talk that the tax department might take steps to wind up the company. Well if so, that would not be a sensible move because without a going concern there would be no way to generate the revenue necessary to pay the fines and arrears, would there?
Not forgetting the 20 employees who depend on the company to provide them with a job so they can feed their families.
It is interesting to note that seven global corporate giants such as Google, Apple and Amazon are accused of evading taxes by hiding their profits in tax havens. Apparently that leaves the smaller or medium-sizd enterprises to carry the burden.
(Name and address supplied)