Disciplinary outcome: Masoud Ataei

1. He deliberately understated his company profits by:
   1. Failing to report an overdrawn director’s loan as an asset; and/or
   2. Failing to declare payment of dividends in the company’s financial accounts; and/or
   3. Incorrectly reporting inaccurate retained profits brought forward in the capital accounts; and/or
   4. Incorrectly claiming carried forward trading loss figures where none existed; and/or
   5. Incorrectly claiming 50% of own residential property mortgage costs as office rent costs.
2. He took a bounce back loan totalling £25,000, which contrary to government rules, was withdrawn for the purpose of his own personal benefit.
3. He made an incorrect expense claim for car depreciation on his self-assessment return for the year ending 05 April 2017, resulting in the underpayment of £1,695.20 in tax to HMRC.
4. He incorrectly declared a capital gain on the sale of his private residence despite qualifying for primary resident relief on the submission of his 2021-22 self-assessment return to HMRC.
5. He acted carelessly by submitting inaccurate corporation tax returns to HMRC by failing to complete and submit CT600A supplementary forms with the return, and failing to declare and pay the tax charge on company participator loans under s455 CTA10 for the periods:
   1. Year ended 30 September 2020; and/or
   2. Year ended 30 September 2021; and/or
   3. Year ended 30 September 2022. 

By reason of the conduct set out in the Allegations above, Masoud Ataei is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.

1. Expelled from membership of AAT for a period of five years
2. Fined £5,000.00

The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.