VAT Office takes action against defaulters

A combined team of personnel from the VAT Service and Police on Wednesday took action against three companies in Accra for defaulting in filing their VAT returns.

The companies are Nogahil Hotel, Total Security Ltd and Impact Arts who together owe the VAT Service over 450 million cedis from October last year.

The action was to take possession of some moveable properties of the companies to the tune of the amount owed the service.

Nogahil hotel owes over 50 million cedis, Impact Art over 200 million cedis and Total Security over 190 million cedis. The management of Total Security and Impact Arts issued cheques while Nogahil gave out a KIA Pregio bus.

Mr James Benson, Head of the Legal section of the service, who led the team said the service would value the bus and sell it to defray the amount.

"Despite several warnings and efforts to recover their indebtedness, these companies have refused to honour their tax obligations and have also not indicated their willingness to pay," he said.

He said the service would continue to take action to ensure that all arrears due it are collected.