Case details for PHILIP JOHN MOYNIHAN

Name: PHILIP JOHN MOYNIHAN

Name: PJM (NORTHAMPTON) LIMITED

Date of Birth: 6 / 7 / 1969

Date Order Starts: 5 / 2 / 2019

Disqualification Length: 3 Years 0 Month(s)

CRO Number: 05421245

Last Known Address: 14 Chaucer Street, , , , NORTHAMPTON, NN2 7HN

Conduct: Mr Philip John Moynihan (“Mr Moynihan”) failed to ensure that PJM (Northampton) Limited (“PJM”) complied with its statutory obligations to make payments to HM Revenue and Customs (“HMRC”) when due and caused PJM to trade to the detriment of HMRC from July 2015 for Value Added Tax (“VAT”) and November 2015 for Pay As You Earn (“PAYE”) and National Insurance Contributions (“NIC”) in that: VAT

  • The VAT Return for the quarter ended February 2015, due for payment by 07 April 2015, was not paid in full until September 2015 at which date the VAT Return for the quarter ended May 2015 was over due;
  • The VAT return for the quarter ended May 2015, due for payment by 07 July 2015, in the sum of £7,022 was not paid and surcharges of £1,053 were incurred;
  • Further returns were submitted for quarters ended August and November 2015, February, May and August 2016 totalling £22,895 but no payments were made to HMRC for VAT and surcharges of £2,627 were incurred;
  • No further returns were submitted and HMRC raised an assessment for VAT for the period 01 September 2016 to liquidation on 30 November 2017 totalling £26,372;
  • The total VAT liability due at the date of liquidation is £59,969;
  • The last payment for VAT was made on 02 September 2015; PAYE/NIC
  • PAYE and NIC payments fell into arrears when the monthly payment for October 2013 was not paid until June 2014 and the payment for January 2014 was not paid until October 2014;
  • Two further payments were made for £3,732 in January 2015 and £21,796 in December 2015 to pay the arrears incurred to the month ended September 2015;
  • No further payments were made to HMRC in respect of PAYE and NIC although PAYE and NIC was incurred to the date of liquidation;
  • The total PAYE and NIC due at the date of liquidation is £44,358;
  • The last payment for PAYE and NIC was made on 07 December 2015; In comparison
  • HMRC claim at the date of liquidation totals £105,434, including Corporation Tax of £187 and legal costs of £920, out of total creditors of approximately £136,143;
  • In the period 31 March 2015 to liquidation the amount owed to HMRC has increased from £14,614 to £105,434, while the amount owed to other creditors has decreased from £59,048 to £30,709.
  • From 01 April 2016 to liquidation total payments from PJM’s bank account were £458,559 while no payments were made to HMRC in that period. 

    This information is correct as at 16 / 1 / 2019



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