Case details for Lewis Michael TAIT

Name: Lewis Michael TAIT

Name: Tait Project Services Ltd

Date of Birth: 22 / 12 / 1979

Date Order Starts: 31 / 3 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 07133699

Last Known Address: Al Reef Village Arabian Community ,, Street 8 Villa 59, , , Abu Dhabi,

Conduct: Lewis Michael Tait (“Mr Tait”) failed to ensure that Tait Project Services Limited (“Tait Ltd”) met its financial commitments as regards to Corporation Tax (“CT”) and Value Added Tax (“VAT”) and caused Tait Ltd to continue trading whilst withdrawing funds for the benefit of himself. As a result Tait Ltd became unable to meet its financial commitments to HM Revenue & Customs (“HMRC”) as and when they became due from at least 07 January 2018, in that: • Tait Ltd was incorporated on 22 January 2010 and on the same date completed VAT registration paperwork for HMRC stating an estimated turnover of £100,000 pa. • For year ending 31.01.2018 Tait Ltd incurred a CT liability of £42,857, payments were made of £22,039, leaving an outstanding liability of £20,818. • For the year ending 31.01.2019 Tait Ltd incurred a CT liability of £41,120. No payments were made. • Between 29.03.2019 and 04.04.2019 VAT returns were submitted for periods 08/17 to 11/18 inclusive. Assessments of £55,941 were withdrawn and tax due was £44,708. • For the periods ending 02/19 to 08/19 inclusive, VAT returns were submitted for £20,871. No payments were made. • On 09.07.2019 a Time to Pay Agreement was reached with HMRC regarding outstanding VAT payments. An initial payment of £3,500 was paid on 10.07.2019 by Telephone Payment Service (TPS) and weekly payments of £1,800 were agreed thereafter. Payments were made between 22.07.2019 and 27.08.2019 making total payments of £16,100. The payments of £1,800 weekly were paid by National Direct Debit System (NDDS) and were incorrectly allocated to the outstanding CT liability not VAT. • Between 07 January 2018 and September 2019 when trading ceased a total of £304,459 was deposited into the company bank account from the company’s sole client, of that £64,476 was withdrawn in cash from ATM machines and £132,140 was transferred directly to him. In the same period a total of £67,130 was paid to HMRC in respect of VAT and Corporation Tax Liabilities. • On 31 January 2018 the opening balance on his outstanding Directors Loan Account was £78,771 with the closing balance as at 31 January 2019 of £145,642. An increase of £66,871. The Directors Loan Account (DLA) balance is confirmed in the accounts prepared by company accountants dated 30 September 2019 for year ending 31 January 2019. • Between 07 January 2019 and September 2019, the company had made payments to American Express of £14,700 and Censis of £6,070 leaving outstanding balances of £15,991 and £700 respectively. The company also owed £4,468 in respect of an outstanding overdraft. • At liquidation the outstanding liability to HMRC was at least £99,224 (excluding surcharges) whilst the company’s other creditors were owed £21,158.62. 

This information is correct as at 17 / 3 / 2022

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