A former tax agent, who was deregistered for repeated failures to lodge his own tax statements, has lost an appeal against the decision.
Hemanshu Juneja and his associated corporate entity Three Wickets were deregistered in 2014 by the Tax Practitioners Board (TPB) because of failure to lodge tax and business activity statements, and pay tax liabilities.
Mr Juneja, who was also the sole director of Cudmores Integrated Business Solutions which had since ceased to exist, unsuccessfully appealed the decision in the Administrative Appeals Tribunal.
He then took his appeal to the Federal Court, which this week upheld the ban, noting that as the sole director of a company, he was responsible for ensuring it met its various tax obligations.
Ian Taylor, chair of the TPB, suggested that tax practitioners should lead by example, saying that maintaining registration requires practitioners to satisfy the ‘fit and proper person’ requirement.
“Tax practitioners need to understand that there are serious consequences for failing to meet the fit and proper person requirements,” he said.
“This applies to all individual tax practitioners, and each individual partner and director in respect of partnership and company registrations.”