Case details for Barry YEOMANS

Name: Barry YEOMANS

Name: BO HAIR LIMITED

Date of Birth: 25 / 3 / 1970

Date Order Starts: 17 / 4 / 2019

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08412590

Last Known Address: 1 Regent Street,, , , , ILKESTON,, DE7 5RG

Conduct: Barry Paul Yeomans (“Mr Yeomans”) as the sole registered director of BO Hair Ltd (“BHL”) failed to ensure that BHL complied with its statutory obligations to HM Revenue & Customs (“HMRC”) in that he failed to register BHL for Value Added Tax (“VAT”) purposes from at least 30 December 2014 (the date upon which he approved and signed BHL’s accounts for the year ended 31 March 2014 showing BHL’s turnover being over the VAT threshold) and he failed to ensure that BHL submitted VAT returns to HMRC. Further he caused BHL to trade to the detriment of HMRC from 08 July 2013 (when the VAT liabilities from 01 April 2013 to 30 June 2013 fell overdue for payment to HMRC) to 11 December 2017 (the date of liquidation).

  • A trader must register with HMRC for VAT if the business’ VAT taxable turnover is more than the statutory limit.
  • The statutory limit for VAT registration was £79,000 for the year ended 31 March 2014 and £81,000 thereafter.
  • Professionally prepared accounts for BHL’s trading for the year ended 31 March 2014 show turnover of £102,714 turnover of £107,342 for the year ended 31 March 2015 and turnover of £103,725 for the year ended 31 March 2016.
  • On 15 December 2015 the company accountant wrote to he informing him that the company turnover was above the VAT threshold and he should register it for VAT.
  • Between 05 April 2016 and 08 December 2016 HMRC made visits to BHL. Following HMRC’s investigations on 27 January 2017 HMRC wrote to BHL advising that BHL had a liability to be registered for VAT purposes from commencement of trade on 01 April 2013 as a Transfer of going concern and to submit a VAT registration form.
  • On 01 March 2017 he in his capacity as director of BHL signed the VAT1 Application Form for registration for BHL to be registered for VAT with effect from commencement of trading on 01 April 2013.
  • On 27 June 2017 HMRC issued a Civil Penalty of £10,494 to BHL due to his actions being deliberate. On 28 July 2017 HMRC received a payment of £1,000 on account of the penalty. No further payments were made by BHL to HMRC.
  • On 07 August 2017 BHL submitted a VAT return from the commencement of trading, 01 April 2013 to 30 June 2016 disclosing a VAT liability of £44,703. On 31 October 2017 BHL submitted a VAT return for the quarter ended 09/17 disclosing a VAT liability of £2,211. No payments were made by BHL to HMRC and these remained outstanding at the date of liquidation.
  • At the date of liquidation the total amount payable to HMRC prior to the date of liquidation is at least £56,407. Differential Treatment BHL’s accounts for the year ended 31 March 2016 show liabilities to trade and expenses creditors of £2,812, an inter company loan of £14,019, VAT of £29,983, PAYE/NIC of £184, Corporation tax of £1,976, liability to him on his director’s loan account of £27,680. By the date of liquidation liabilities to trade and expense creditors increased by £1,729, from £2,812 to £4,541.The liability to intercompany loan account remained the same. Whilst over the same period liabilities to HMRC in respect of VAT increased by £28,114 from £29,983 to £58,097 and the amount on the director’s loan account decreased by £27,680 to nil. 

    This information is correct as at 27 / 3 / 2019



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