Case details for Michael  GALLAGHER

Name: Michael  GALLAGHER

Name: TEST I.T. LIMITED

Date of Birth: 16 / 3 / 1962

Date Order Starts: 1 / 7 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 03133469

Last Known Address: 6 Maydencroft Gardens,, , Gosmore, , HITCHIN, SG4 7EJ

Conduct: Michael John Gallagher (“Mr Gallagher”) failed to ensure that Test I.T. Limited (“the Company”) met its financial commitments as regards to Corporation Tax (“CT”) and caused the Company to continue trading whilst withdrawing funds for the benefit of himself. As a result the Company became unable to meet its financial commitments to HM Revenue and Customs (HMRC) as and when they became due at the latest from 1 October 2017 resulting in £74,781 being due at liquidation. In that: CT due for the year ending 31 December 2016 was £15,623.08 and which should have been paid in full by 01 October 2017. Within this period £14,167.50 was paid, leaving a balance outstanding of £1,455.58; CT due for the year ending 31 December 2017 was £17,512.56 that should have been paid in full by 01 October 2018. Within this period £30.63 was paid, leaving a cumulative balance outstanding of £18,947.41 CT due for the year ending 31 December 2018 was £23,435.31 which should have been paid in full by 01 October 2019. Within this period £3,400 was paid, leaving a cumulative balance outstanding of £38,972.72. Comparative Treatment: Bank statements available for the period 02 July 2018 to liquidation show that Mr Gallagher received a total of £229,167.66 including: between 02 July 2018 and 31 December 2018 he received £48,000; between 01 January 2019 and 31 December 2019 he received £92,314. On 10 July 2020 the Company received a BBL of £30,000 and upon receipt of the £30,000 BBL, it was all transferred to the Company’s savings account. On 21 September 2020 £20,000 was transferred to pay the deposit on a new home for Mr Gallagher. During the same period, HMRC received total payments of £3,431 for Corporation Tax. At liquidation the Company owed HMRC £74,881 in relation to Corporation Tax accumulating since October 2017, £34,170 in relation to VAT and £30,000 in relation to the BBL. Non-government creditors totalled £1,095. 

This information is correct as at 13 / 6 / 2022



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