Case details for Wesley Bryn SMITH

Name: Wesley Bryn SMITH


Date of Birth: 21 / 9 / 1970

Date Order Starts: 7 / 11 / 2022

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08747960

Last Known Address: 27 Lime Tree Avenue,, , , , Thurcroft,, S66 9DY

Conduct: From at least 30 July 2017, the date upon which Wesley Bryn Smith (“WB Smith”) knew, or should have known, that Select Windows and Doors Ltd’s (“Select”) turnover exceeded the Value Added Tax (“VAT”) threshold, until 14 November 2019, the date upon which Select entered into Creditors Voluntary Liquidation (“Liquidation”), he caused or allowed Select to trade to the detriment of Her Majesty’s Revenue and Customs (“HMRC”) in respect of VAT. As at the date of liquidation Select’s VAT liabilities totalled £59,271 and Select’s overall liabilities totalled £61,894. In that: • HMRC’s guidance on VAT registration details that once a limited company’s turnover exceeds £85,000 the limited company’s director(s) must register the limited company for VAT returns and payments. • On 30 July 2017, he approved the annual accounts of Select for the year ending 31 October 2016. These accounts detailed Select’s annual turnover as being £170,710, £85,710 higher than the VAT threshold at which stage he should have registered Select for VAT. • He registered Select for VAT on 16 July 2018. • On 19 November 2018 HMRC issued a penalty assessment, under Schedule 41 of the Finance Act 2008 (“S.41 FA 2008”), against Select totalling £17,932 for his failure to register Select for VAT upon his becoming aware that Select’s turnover had reached the VAT threshold. As at the date of Liquidation this penalty remained due in full. • Between 18 February 2019 and 11 June 2019, Select filed VAT returns for the VAT periods ended: 07/18, 10/18, 01/19 and 04/19. These VAT returns declared VAT liabilities due to HMRC totalling £36,341. HMRC raised a further assessment of VAT, and an associated assessed surcharge, due for the VAT period ending 07/19 totalling £4,544 and £454 respectively. As at the date of Liquidation Select had made no payments towards its VAT liabilities. • As at the date of Liquidation Select’s liabilities totalled £61,894 of which £59,271 was due for VAT. Comparative Treatment Bank Statements • The Insolvency Service’s analysis of Select’s bank account detail that between 30 July 2017 and 14 November 2019, the date upon which Select entered into Liquidation, Select made payments totalling £553,407. Select made no payments towards its VAT liabilities. • Of those payments made by Select between 30 July 2017 and 14 November 2019, payments totalling £63,609 were made to him. 

This information is correct as at 18 / 10 / 2022

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