Case details for HAROONRASID IBRAHIM VAHALUWALA

Name: HAROONRASID IBRAHIM VAHALUWALA

Name: D FINE FASHION LIMITED

Date of Birth: 7 / 2 / 1974

Date Order Starts: 30 / 11 / 2018

Disqualification Length: 3 Years 0 Month(s)

CRO Number: 08586083

Last Known Address: 44 OSBORNE ROAD, , , , LEICESTER, LE5 5ER

Conduct: Between 01 August 2013 (being the date D Fine Fashion Limited [“D Fine”] registered for Value Added Tax [“VAT”]) and the cessation of trade in May 2016 Haroonrasid Ibrahim Vahaluwala (“Mr Vahaluwala”) failed to ensure that D Fine complied with its statutory obligation to make returns in respect of Value Added Tax (“VAT”) and make proper provision to meet its financial commitments to HMRC in respect of VAT, Pay As You Earn (“PAYE”), National Insurance (“NI”) and Corporation Tax. As a result D Fine was unable to meet its financial commitments as and when they became due with HMRC owed £272,845 on liquidation. In particular:

  • The company registered for VAT on 1 August 2013 and made no returns which led to HMRC raising assessments and issuing penalties in respect of the debt. A total of £210,906 is outstanding at liquidation in relation to VAT with the company making total payments of £4,188 throughout its trading
  • The company completed returns in respect of PAYE and NI. A total of £48,539 is outstanding in relation to PAYE and NI at liquidation from the 2014/15 tax year onwards.
  • No returns were made throughout the companies trading for Corporation Tax. HMRC made a determination for the period ended 2014 of £10,000. A total of £13,400 is outstanding for Corporation Tax at liquidation. No payments were made by the company in respect of this liability. 

    This information is correct as at 22 / 11 / 2018



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