Case details for Paul STEPHENS


Name: FM Job Search Limited

Date of Birth: 21 / 5 / 1974

Date Order Starts: 14 / 5 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08684957

Last Known Address: 50 Lorrimore Square, , , , LONDON,, SE17 3QU

Conduct: Since at least 07 May 2014 until 30 June 2017, the date of liquidation, Paul Stephens (Mr Stephens) has caused or allowed FM Job Search Limited (hereafter called FM Job) to trade to the detriment of HM Revenue and Customs (hereinafter referred to as HMRC) by failing to ensure that FM Job made payments as required for VAT, PAYE NIC and Corporation Tax, so that as at liquidation, FM Job had an outstanding liability of at least 106,492.33 in respect of VAT, PAYE NIC and Corporation Tax. VAT

  • FM Job submitted a late VAT return for the 03/14 period totalling 2,607.05 payable by 07 May 2014 at the latest. Payment was not made on time.
  • FM Job submitted further VAT returns for the 06/14 to 09/16 periods totalling 66,809.21. The company made 11 payments totalling 26,164.76 during the same periods. In the absence of adequate payments HMRC raised surcharges totalling 6,645.50.
  • In the absence of VAT returns HMRC applied a Central Assessments totalling 19,928.00 and raised surcharges of 2,989.20 for the 12/16 and 03/17 periods against which 4 payments totalling 8,500.00 were made by FM Job.
  • In the absence of a return HMRC raised a further central assessment for the 06/17 period which totalled 10,426.00. No payments were made during this period. At Liquidation FM Job has VAT liabilities totalling 74,740.25 due to HMRC. PAYE/NIC and Corporation Taxes
  • By 22 April 2015 FM Job owed HMRC 2,596.98 in respect of PAYE/NIC for the 2014/15 tax year;
  • Further PAYE/NIC liabilities totalling 16,064.10 accrued for the years 2015/16 and 2016/17;
  • HMRC records indicate that FM Job made payments totalling 4,491.40 for PAYE NIC HMRC liabilities during the above tax years;
  • As at the date of liquidation, 14,169.68 remained outstanding for PAYE NIC;
  • Corporation Tax totalling 17,582.40 for the 2014/15 period fell due for payment by 01 December 2015. As at the date of liquidation 17,582.40 remains outstanding for Corporation Tax; Comparative Treatment A review of the available bank statements for the period 22 October 2014 to 30 June 2017, the date of liquidation show that excluding contra credits a total of 699,731.87 was paid out of the bank account;
  • 294,913.00 was paid out in respect of trade expenses, charges and interest fees;
  • Payments made by cheque totalled 6,532.79
  • Payments made to you or for your direct benefit totalled 184,349.05;
  • Payments made to the other director or for his direct benefit totalled 178,379.32; while HMRC received 35,057.71 

    This information is correct as at 24 / 4 / 2019

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