Case details for SIAMACK SALARI

Name: SIAMACK SALARI

Name: ETHOSLABS LIMITED

Date of Birth: 3 / 4 / 1965

Date Order Starts: 30 / 10 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08244587

Last Known Address: EDISFORD, SPEAKES ROAD, , , GILLINGHAM, ME7 3RT

Conduct: Mr Siamack Salari (“Mr Salari”), caused Ethoslabs Limited (“EL”) to trade to the detriment of HM Revenue & Customs (“HMRC”) from 06 April 2013 until liquidation on 20 July 2016, in respect of Pay as you Earn/National Insurance Contributions (“PAYE/NIC”) and from 07 December 2014 until liquidation in respect of Value Added Tax (“VAT”). By the date of Liquidation EL owed at least £107,814 to HMRC, including £58,088 in respect of PAYE/NIC and £47,889 in respect of VAT. PAYE/NIC

  • EL submitted PAYE/NIC returns from April 2013 until February 2016 disclosing liabilities of £83,339, against which EL made payments totalling £25,251, leaving £58,088 outstanding at the date of liquidation.
  • VAT
  • EL submitted VAT returns for the quarters ended 10/14, 01/15, 04/15 and 07/15, which disclosed liabilities totalling £27,040. HMRC applied a surcharge totalling £263. EL made payments totalling £18,177 against these VAT liabilities, leaving £9,126 outstanding at the date of liquidation.
  • In the absence of VAT returns for the quarters ending 10/15, 01/16 and 04/16, HMRC raised assessments totalling £25,691 and applied surcharges totalling £3,854. EL made no payments against these liabilities and £29,545 outstanding at the date of liquidation. Differential Treatment
  • EL end of year accounts for 31 October 2013, show that the trade creditors totalled £4,782. By the date of liquidation on 20 July 2016, trade creditors had increased by £3,014, to £7,796. By comparison in the same period, EL’s liabilities to HMRC increased by £88,566, from £19,248 on 31 October 2013, to £107,814 at the date of liquidation. 

    This information is correct as at 16 / 10 / 2018



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