Case details for JOANNAH ODETTE OWEN



Date of Birth: 15 / 10 / 1973

Date Order Starts: 8 / 11 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 04514851


Conduct: Joannah Odette Owen (nee Hudson) (“Mrs Owen”) failed to ensure that Pure Indulgence Limited (“PIL”) complied with its statutory obligations to register with HM Revenue & Customs (“HMRC”) for VAT by 29 May 2013 at the latest, to submit returns and make payments as and when due, in that:

  • It is a requirement for businesses to register for VAT within 30 days of it exceeding the VAT registration threshold. For the period 01 April 2012 to 31 March 2013, the annual threshold was £77,000, increasing each year thereafter to £79,000, £81,000, £82,000 and £83,000 by 31 March 2017. Following registration it is a requirement that a company submits returns, usually quarterly, and make payments as and when due.
  • PIL’s accountant has provided information that shows that PIL’s annual turnover for the years ending 31 March 2013, 2014 and 2015 was £83,386, £89,854 and £99,251 respectively, thereby exceeding the threshold in each year.
  • PIL’s accounts for years ending 31 August 2012, 2013, 2014 and 2015 show that PIL’s annual turnover was £79,628, £80,530, £94,035 and £98,329 respectively, thereby exceeding the existing threshold in each year. She signed the August 2012 accounts on 29 May 2013.
  • PIL’s bank statements are available for the period 01 September 2012 to liquidation on 10 April 2017. They show that in that period, £443,185 was paid into the account (excluding deposits by herself). Of that total, £88,285 was deposited in the year ending 31 March 2013, £91,054 was deposited in the year ending 31 March 2014, and £102,930 was deposited in the year ending 31 March 2015.
  • On 2 September 2016, HMRC audited PIL and determined that it should have been registered with effect from 01 September 2012, and applied a penalty of £18,151 and calculated unpaid VAT of £58,072, rising to £60,264 by liquidation. She confirmed to HMRC officers at audit that she was aware of the VAT registration threshold and was aware that the company was trading above this threshold. In further correspondence, HMRC pointed out that PIL had previously been registered for VAT. PIL made no returns or payments in respect of its VAT liabilities.
  • At the date of liquidation trade creditors were owed £12,451. In the year end accounts to 31 August 2015, she is recorded as being a creditor in the amount of £50,372. On 29 March 2017, Mrs Owen submitted a claim in the liquidation stating she was owed £5,000 by PIL, a reduction of £45,372. 

    This information is correct as at 30 / 10 / 2018

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