Glasgow directors banned over £15 million vape smuggling tax evasion plot
The Herald
Two Glasgow directors were banned for nine years for importing vapes disguised as medical equipment and evading nearly £15 million in tax.Summary
Two company directors, Kyle McGinness and Leanne Moynes, have been disqualified for nine years after their Glasgow-based firm, YSK Enterprises Limited, imported over 350,000 vapes from China disguised as medical nebulisers. The scheme involved evading approximately £15 million in unpaid VAT and customs duty, as well as failing to file corporation tax returns, resulting in an additional £437,101 debt. Moynes also failed to preserve accounting records, obscuring the fate of over £1.6 million in company assets. Authorities from HMRC, the Insolvency Service, and Border Force emphasized that the disqualifications protect honest businesses and the public from illicit trade and tax evasion.
(Source：The Herald)
