Case details for PAUL LESLIE MAUNDER



Date of Birth: 5 / 6 / 1958

Date Order Starts: 8 / 10 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 07867194

Last Known Address: 19 Wellands Road, , , , Lyndhurst, SO43 7AB

Conduct: That Mr Maunder caused Palm Interiors Ltd (“PALM”) to trade to the detriment of HM Revenue and Customs (“HMRC”) by failing to make payments as and when they fell due in respect of VAT from 06 February 2015 at the latest until liquidation on 09 May 2017 (“Period”) whilst maintaining payments to PALM’s other creditors. Also, Mr Maunder failed in his statutory duty to ensure that PALM submitted timely returns in respect of VAT. VAT

  • As at 06 February 2015 the VAT liability stood at £27,215.
  • PALM submitted VAT returns up to the quarter ending 28 February 2015 by which point the outstanding VAT liability stood at £56,322.
  • This included surcharges totalling £3,261 incurred for late submission of returns for quarters ending 31st May 2014, 31st August 2014 and 31st November 2014.
  • As PALM did not submit returns for the quarters ending 31st May 2015 to 28th February 2017 HMRC issued assessments totalling £194,777 plus surcharges of £458 to produce a final claim amount of £251,557 at liquidation.
  • During the Period, PALM made no VAT payments whatsoever. Differential treatment
  • On liquidation, trade creditors were owed £13,104 and a lease creditor was owed £1,504, whereas HMRC were owed £251,777 in VAT. The last filed accounts for the period ending 31 December 2014 show trade creditors were owed nothing, lease creditors £19,756 and HMRC were owed £19,793.
  • Analysis of PALM’s bank statements for the Period shows that payments totalling £34,550 were made to trade creditors listed in the Statement of Affairs.
  • Also in the Period payments totalling £38,515 were made to other trade and expense creditors.
  • Transfers to Mr Maunder’s personal bank account for the Period total £121,073 with £37,830 of that amount being transferred to him during the last 3 months of trade (Jan 2017 to March 2017). Cash withdrawals for the Period amount to £16,160. Meanwhile, during the Period, PALM paid nothing to HMRC. 

    This information is correct as at 20 / 9 / 2018

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