Case details for Scott NEWBEGIN

Name: Scott NEWBEGIN

Name: SCOTT NEWBEGIN LIMITED

Date of Birth: 25 / 9 / 1973

Date Order Starts: 9 / 4 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08198486

Last Known Address: 87 Honiton Way,, , , , HARTLEPOOL,, TS25 2PY

Conduct: Scott Newbegin (“Mr Newbegin”) failed to ensure that Scott Newbegin Limited (“Newbegin”) complied with its statutory obligations to submit all returns in a timely manner and make full payment to HM Revenue & Customs (“HMRC”) in respect of VAT and Corporation Tax. In addition Newbegin traded to the detriment of HMRC from 07/10/2014 in that: VAT

  • Newbegin submitted VAT returns for quarter periods ending 31/08/2014 to 28/02/2015 totalling £23,575.
  • Newbegin submitted late VAT returns for quarter periods ending 31/05/2015 to 28/02/2017 on 06/06/2017 and for quarter period ending 31/05/2017 to 31/08/2017 on 24/10/2017 totalling £32,464.
  • Newbegin submitted VAT returns for quarter periods ending 30/11/2017 and 28/02/2018 totalling £8,325.
  • Payments were made towards these liabilities of £28,430.
  • No further returns were submitted and HMRC raised an assessment for quarter period ending 31/05/2018 of £3,808.
  • Newbegin owes HMRC a total of £40,457 for outstanding VAT liability for quarter period ending 31/08/2014 to 31/05/2018.
  • As a result of the failure to submit returns and make payments, surcharges of £10,333 remained outstanding at the date of the winding up order. Corporation Tax
  • Newbegin submitted a Corporation Tax return for accounting period ending 30/09/2014 of £8,902, due for payment on 01/07/2015. £7,596 was paid towards this liability.
  • Newbegin submitted a Corporation Tax return for accounting period ending 30/09/2015 of £14,689. Of this £3,362 referred to S419 tax in respect of the outstanding Directors Loan Account of £13,448. £2,011 was paid towards this liability.
  • The outstanding Corporation Tax liability for accounting period ending 30/09/2014 and 30/09/2015 totals £13,984. Comparable Treatment
  • Between 30/09/2014 and the date of the winding up order the total debt owed to HMRC has increased by £51,623 whilst the debt to Newbegin’s other creditors has decreased by £720. At liquidation HMRC stated the amount due to them was £70,351 whilst the liability to other creditors was £Nil. 

    This information is correct as at 19 / 3 / 2019



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