Case details for Michael Christopher  Ruddy

Name: Michael Christopher  Ruddy

Name: WESTRAIL LIMITED

Date of Birth: 25 / 3 / 1975

Date Order Starts: 23 / 5 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 06906791

Last Known Address: 92 Cannonbury Avenue, , , , PINNER, HA5 1TT

Conduct: Michael Christopher Ruddy (“Mr Ruddy”) caused Westrail Ltd (the “Company”) to trade to the detriment of Her Majesty’s Revenue & Customs (“HMRC”) in respect of Value Added Tax (“VAT”), Construction Industry Scheme tax (“CIS”) and Pay As You Earn tax (“PAYE”) from at least 1 January 2014 until May 2016 and as a result on liquidation HMRC was owed at least £564,331.46. In that: VAT The Company did not file VAT returns for the duration of trading. In the absence of filed VAT returns HMRC raised twelve assessments for the twelve VAT periods ended 10/12 to 07/15, in the total sum of £25,810 which the Company paid in full. In the absence of filed VAT returns HMRC raised two assessments for the two periods ended 10/15 & 01/16 in the total sum of £5,126. The Company made no payments and these liabilities remained outstanding at liquidation. HMRC raised fifteen surcharges for the fifteen periods ended 07/12 to 01/16, in the total sum of £4,920.00 against which the Company paid £4,151.10 leaving the balance of £768.90 due and outstanding at liquidation. Following an examination by HMRC of the Company records HMRC raised on 30 August 2016 an Officer’s Assessment in respect of under assessed VAT for the fifteen periods ended 07/12 to 01/16, totalling £332,497.00 plus interest of £19,076.66. The Company made no payments and these liabilities remained due and outstanding at liquidation. On 30 August 2016 HMRC issued revised and increased surcharges for the fifteen periods ended 07/12 to 01/16, in the total sum of £49,874.55. On 21 October 2016 HMRC raised civil penalties against the same fifteen periods in the total sum of £99,742.00 and subsequently raised further interest charges totalling £9,260.40. The Company made no payments and these liabilities remained outstanding at liquidation. CIS & PAYE For the tax year 2015/2016 the Company submitted monthly Real Time Information (“RTI”) and monthly CIS returns that declared total liabilities due to HMRC of £66,248.82 against which the Company made payments totalling £35,933.28 and an annual employment allowance of £191.54 was credited. The balance of £30,124.00 remained due and outstanding at liquidation. For the tax year 2016/2017 the Company submitted RTI and monthly CIS returns that declared total liabilities due to HMRC of £17,861.95. The Company made no payments and these liabilities remained due and outstanding at liquidation. Comparative treatment of creditors/apportionment of income Between 1 January 2014 and May 2016 payments totalling £2,418,788.95 were made from the Company bank account, of which at least £1,085,748.16 was paid to trade creditors, £730,064.43 was paid to him, £334,910.95 was paid to HMRC, £54,920.55 withdrawn at ATM machines, and a net £45,003.12 spent on personal expenditure. The final trade debtor payment to the Company was for £226,890.12 and was paid on 29 April 2016. Of this sum: (i) on 29 April 2016 £30,000 was transferred to a connected company; (ii) on 15 June 2016 £45,000 was transferred to him; (iii) on 16 June 2016 £69,000 was transferred to to a connected company (iv) on 3 June 2016 £2,737.18 was transferred to a football club; and (v) between 29 April 2016 and 14 June 2016 a further £3,000 was withdrawn at ATM by means of six separate withdrawals of £500 each. Following the transfer of £69,000 on 16 June 2016 the balance of the Company bank account stood at £94.18. At liquidation, HMRC, the sole creditor in the liquidation, submitted a claim in the sum of £955,568.95. 

This information is correct as at 21 / 6 / 2019



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