Case details for Mary Rowan REEVE

Name: Mary Rowan REEVE

Name: INCARNATION LIMITED

Date of Birth: 18 / 2 / 1952

Date Order Starts: 22 / 3 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 04886475

Last Known Address: Rectory, Church End,, , , , Foulness Island,, SS3 9XQ

Conduct: Mary Rowan Reeve (“Mrs Reeve”) failed to ensure that Incarnation submitted timely VAT and RTI returns to HM Revenue & Customs (“HMRC”) and failed to ensure that payments were made as and when due in respect of VAT and PAYE/NIC. As a consequence she caused or allowed Incarnation to trade to the detriment of HMRC as regards VAT from no later than 7 November 2012 (the latest date for the submission and payment of its VAT return for VAT period 09/12) and as regards PAYE/NIC from no later than 22 April 2013 (the latest date for payment of the 2012/2013 liability) in that: VAT i) Incarnation was due to file VAT returns and make payment of the reported liability on a 3 monthly basis for VAT periods made up to 31 March, 30 June, 30 September and 31 December, no later than 1 month and 7 days after the end of the VAT period. ii) Incarnation failed to submit the VAT return for period 09/12 until 14 June 2013, 7 months late. Of the 13 VAT returns due for periods 12/12 to 12/15, all but 2 were submitted late. Returns for periods 06/13, 12/13 and 06/14 recorded repayment claims totalling £20,366.10 which HMRC set against the liabilities for periods 09/12, 12/12 and 03/13. iii) Incarnation made no payment on account of its liability to VAT until a time to pay arrangement was entered into with HMRC commencing 25 April 2014 by which £1,000 a month was to be paid until 25 May 2018 to settle the historic VAT debt whilst all current and future returns and liabilities were to be submitted and paid on time. HMRC cancelled the agreement on 30 September 2014 due to Incarnation’s non compliance regarding its current VAT obligations, after payments were made of £6,000. No further payments were made by Incarnation after 24 September 2014. iv) Taking account of the repayment claims and payments made of £6,000 HMRC have claimed VAT and surcharges in the liquidation totalling £47,896.71 in respect of VAT periods 03/13, 09/13, 03/14, 09/14, 12/14, 03/15, 06/15, 09/15 and 12/15. PAYE/NIC v) Incarnation submitted a P35 annual return to HMRC disclosing a PAYE/NIC liability for the tax year 2012/2013 of £6,299.53, which was payable in full by 22 April 2013. Incarnation paid £2,232.12 on account of this liability leaving £4,067.41 unpaid as claimed by HMRC in the liquidation. vi) For the tax year 2013/2014 Incarnation submitted monthly returns recording a liability of £15,101.73 on account of which nothing was paid, leaving £15,101.73 unpaid at the liquidation as claimed by HMRC. vii) For the tax year 2014/2015 Incarnation submitted monthly returns to HMRC recording a liability of £27,995.91 on account of which no more than £993.94 was paid was paid by Incarnation whilst a credit of £2,000 against the employers’ NIC contributions liability was applied by HMRC leaving £25,001.97 unpaid in the liquidation as claimed by HMRC. viii) For the tax year 2015/2016 Incarnation submitted monthly returns recording a liability of £35,655.06 in respect of which no more than £14,538.50 was paid by Incarnation whilst a credit of £2,000 against the employers’ NIC contributions liability was applied by HMRC leaving £21,116.56 unpaid as claimed by HMRC in the liquidation. Comparative treatment of HMRC ix) Incarnation’s accounts for the years to 31 December 2013 and 31 December 2014 record Incarnation’s turnover (excluding output VAT) to amount to £1.745 million. Incarnation’s bank statements disclose that in the period from 1 January 2015 to the liquidation Incarnation received £757,150. Of Incarnation’s income in excess of £2.5 million, in the period from 7 November 2012 to the liquidation Incarnation made payments of £21,764.56 to HMRC, whilst the balance of income was paid to third parties. x) At 31 December 2012 the accounts disclose Incarnation’s liability to HMRC to be £23,991 and other unsecured creditors due £330,556. At the liquidation HMRC were due £116,563 and other unsecured creditors £151,902. 

This information is correct as at 1 / 3 / 2019



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