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Construction Director Banned After £1.1m VAT Fraud.
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A company director behind multiple fraudulent VAT claims—including through a UK-registered construction firm—has been banned from acting as a director for 11 years.
Hassan Waqar, now based in Dubai, was the director of four businesses, including Kiani Construction Limited, which operated in the UK real estate and construction sector. All four companies submitted falsified or unsupported VAT repayment claims, reclaiming nearly £400,000 they were not entitled to. Combined, they owed HMRC over £1.1 million when they were struck off the Companies House register between February and June 2023.
Kiani Construction Limited, along with the other companies—HN Restaurants, Moneemint Ventures, and Zoya Investments—submitted forged invoices and altered bank statements. In several cases, suppliers confirmed to HMRC that the invoices provided had not been issued by them.
Waqar has now been disqualified from acting as a company director in the UK until 2036. He also faces personal liability for certain debts under HMRC’s joint and several liability powers.
“Our investigations found he failed to provide supporting evidence for claims across multiple businesses,” said Victoria Edgar, Chief Investigator at the Insolvency Service.
“The Insolvency Service is committed to taking action against directors who fail to meet their legal and financial obligations.”
What does this mean for construction suppliers?
This case is a clear reminder of the importance of due diligence when engaging with clients or subcontractors. Fraud, insolvency, and unpaid debts continue to pose a serious risk across the construction supply chain.
Top Service works exclusively with businesses in the construction sector to provide real-time credit information, risk alerts, and detailed reporting that help suppliers avoid exposure to high-risk companies before they become a problem.
Whether you’re supplying materials, managing subcontractors, or quoting for work, accurate credit data and early warning signs are essential.
Make informed decisions. Protect your business.
Learn more about how Top Service supports credit control teams in construction at top-service.co.uk
📎 Official government source:
Dubai-based director who falsified VAT returns banned after £1 million owed