Case details for CRAIG JAMES DACE



Date of Birth: 21 / 5 / 1969

Date Order Starts: 25 / 9 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 07996040

Last Known Address: 7 CHENET WAY, , , , CANNOCK, WS11 5RR

Conduct: Craig James Dace (Mr Dace) as the sole registered director of CJD Partitioning Ltd (CJDPL) caused CJDPL to trade to the detriment of HM Revenue & Customs (HMRC) in respect of its Value Added Tax (VAT) from 08 April 2015 (when the VAT liabilities for the VAT quarter ended 02/15 fell overdue for payment in full to HMRC) until CJDPL entered into liquidation on 29 March 2017. VAT 1a) CJDPL submitted VAT Returns to HMRC for eight VAT quarters ended 05/14, 08/14, 11/14, 02/15, 05/15, 08/15, 02/16, 05/16, disclosing VAT liabilities totalling 95,549. HMRC applied surcharges totalling 14,332. CJDPL submitted a VAT refund claim of 1,229 for the VAT quarter ended 11/15. 1b) No VAT Returns were submitted by CJDPL to HMRC for two consecutive VAT quarters ended 08/16 and 11/16. In the absence of the VAT Returns HMRC raised VAT assessments totalling 37,136 and surcharge assessments totalling 5,570. Information obtained from CJDPLs accountants shows that the VAT liabilities for these VAT quarters amounted to 45,006. 1c) Between 24/04/2015 and 17/10/2016 CJDPL made payments totalling 26,117 to HMRC in respect of its VAT liabilities. HMRC allocated CIS Tax credit totalling 7,388 and VAT refund of 1,229 towards the VAT liabilities. 1d) After application of payments, credit and VAT refund by HMRC the oldest VAT liability outstanding at the date of liquidation is 10,297 the balance of the VAT liabilities for the VAT quarter ended 02/15. This liability fell overdue for payment to HMRC on 08 April 2015. 1e) At the date of liquidation VAT and surcharge liabilities totalled 115,511 of which 95,231 fell due for payment to HMRC prior to the date of liquidation. Differential Treatment 1f) CJDPLs accounts for the year ended 31 March 2016 show liabilities to subcontractors of 4,490, trade and expense creditors of 2,676 and liabilities to HMRC in respect of VAT of 86,801. By the date of liquidation liabilities to subcontractors decreased by 4,490 to nil, liabilities to trade and expense creditors increased by 324 from 2,676 to 3,000. Whilst over the same period the debt to HMRC in respect of VAT increased by 28,710 from 86,801 to 115, 511. 1g) At the date of liquidation 3,000 was owed to one unsecured trade and expense creditor. The debt is from 07 March 2017. In contrast the oldest element of CDJPLs VAT liabilities accrued from 08 April 2015 when the balance of 10,297 for the VAT quarter ended 02/15 fell overdue for payment. 

This information is correct as at 4 / 9 / 2018

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