Case details for PAUL WILLIAM CONNELLY

Name: PAUL WILLIAM CONNELLY

Name: PWC COMMUNICATIONS LIMITED

Date of Birth: 2 / 9 / 1983

Date Order Starts: 8 / 11 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08550557

Last Known Address: 11 Letham Grange, Cumbernauld, , , GLASGOW, G68 0HZ

Conduct: Paul William Connelly (“Mr Connelly”) failed to ensure that PWC Communications Limited (“the company”) met its financial commitments as regards Value Added Tax (“VAT”), Corporation Tax (“CT”) and Pay As You Earn/National Insurance Contributions (“PAYE/NIC”) and caused the company to continue to trade whilst withdrawing funds for the benefit of himself and associates. As a result the company became unable to meet its financial commitments to HM Revenue and Customs (“HMRC”), from at least 22 June 2014 to liquidation resulting in tax liabilities of at least £105,283.73. Corporation Tax

  • CT liabilities for the accounting periods 31 May 2014, due and payable no later than the 01 March 2015, totalled £15,198.00 plus penalties totalling £200, against which no payments were made leaving £15,398.00 outstanding at liquidation.
  • CT liabilities for the accounting period 31 May 2015, due and payable no later than the 01 March 2016, totalled £17,279.20 plus penalties totalling £500, against which no payments were made leaving £17,779.20 outstanding at liquidation.
  • CT liabilities for the accounting period ended 31 May 2016, due and payable no later than 01 March 2017, totalled £19,526.00 plus penalties totalling £500, against which no payments were made leaving £20,026.00 outstanding at liquidation. Value Added Tax
  • The VAT liability returned for the quarters ended 31 May 2014 to 31 August 2017 totalled £60,363.91 against which payments totalling £9,062.01 were made leaving £51,301.90 outstanding at liquidation. PAYE/NIC
  • PAYE/NIC liabilities for the years 2014/15, 2015/16 and 2016/17 totalled £1,405.10 against which no payments were made. HMRC credited the account for filing on line to the sum of £626.47 leaving £778.63 outstanding at liquidation. Benefits/Dividends/Comparative Treatment
  • Accounts filed by the company to 31 May 2015 disclose that he received a salary of £10,082. £97,666 was paid out in dividends of which he received £49,810 leaving £47,856 being paid to the other shareholder, a connected party. These accounts also reveal £45,490 in net liabilities due for CT and other taxes.
  • Accounts filed by the company to 31 May 2016 disclose that he received a salary of £10,428. £123,576 was paid out in dividends of which he received £63,204 leaving £60,372 being paid to the other shareholder, a connected party. These accounts also reveal £87,106 in net liabilities due for CT and other taxes.
  • The company bank statements for the period 01 June 2016 to 28 September 2017 reveal receipts totalling £114,817 and expenditure totalling £113,608. Analysis of the expenditure reveals he received payments totalling £68,991 and £11,763 was paid into his personal account. £24,213 was paid to a connected party, £5,168 was paid in rent and £3,473 was paid to bank charges and trade expenditure. During this period no payments were made to HMRC.
  • In the period from 31 May 2016 to liquidation liabilities due to HMRC have increased by £18,177.73 from £87,106, as declared in the last set of accounts, to at least £105,283.73 whilst trade creditors have reduced from £456 to nil. 

    This information is correct as at 19 / 10 / 2018



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