Case details for PAUL ALLAN  WATSON



Date of Birth: 2 / 2 / 1960

Date Order Starts: 1 / 7 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 07329144

Last Known Address: 45 GROVE PARK,, BANGOR,, , , COUNTY DOWN, BT20 5QG

Conduct: Between 01 May 2013 and 04 April 2017, Paul Allan Watson (“Mr Watson”) failed to ensure that Watson Allan Engineering Limited (“Watson Allan”) complied with its statutory obligation to submit returns and make payment of all monies due to HMRC totalling £60,296 in respect of VAT, Corporation Tax and PAYE and caused Watson Allan to trade to the detriment of Her Majesty’s Revenue and Customs (“HMRC”) from 8 July 2014 at the latest in that:

  • £31,551 is claimed in respect of VAT due on returns made, assessments raised, and surcharges for the return periods 07/14 to 01/17 inclusive;
  • £27,390 is claimed in respect of Corporation Tax for the years ended 31 July 2012 to 31 July 2014, which were due for payment from 01 May 2013, plus penalties of £200 for failure to submit a company tax return for the year ended 31 July 2015.
  • £1,137 is claimed in respect of RTI PAYE and NIC for tax years 2015/16 and 2016/17, which was due for payment from 22 August 2015, plus and £17 interest for tax year 2014/15.
  • From 08 July 2014 to 04 April 2017 Watson Allan received income totalling £245,695. From that income payments totalling £153,316 were made for his personal benefit, £34,277 was drawn as cash, £31,091 was paid for business expenses and £2,600 to other recipients; £24,410 was paid to HMRC in respect of Watson Allan’s various tax liabilities. Watson Allan’s creditors at liquidation total £67,871, of which HMRC claims £67,607. 

    This information is correct as at 10 / 6 / 2019

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