Case details for Tony Shephard

Name: Tony Shephard

Name: TDS Networks Limited

Date of Birth: 18 / 12 / 1976

Date Order Starts: 25 / 7 / 2019

Disqualification Length: 3 yrs Years 6 months Month(s)

CRO Number: 08842397

Last Known Address: 10 Monktons Lane, , , , Maidstone, ME14 2PY

Conduct: In the period quarter ending October 2015 to the date of Liquidation, 01 November 2018, Tony David Shephard (“Mr Shephard”) caused TDS Networks Limited (“TDS”) to trade to the detriment of HM Revenue and Customs (“HMRC”) in respect of Value Added Tax (VAT) resulting in HMRC submitting a claim in the Liquidation of £56,210.

  • TDS submitted 12 returns from quarter ending October 2015 to July 2018 resulting in VAT liabilities of £50,344 with surcharges of £6,284, three payments in the total sum of £4,821 was made to HMRC in this period leaving a balance of £44,060 that remained outstanding at the date of Liquidation.
  • HMRC raised a VAT assessment for quarter ending October 2018 for £3,829 with a surcharge of £574; no payments were made in this quarter.
  • HMRC’s claim in respect of outstanding VAT is £56,210. Comparative Treatment
  • TDS’ accounts for year ending 5 April 2017 do not record any amounts owing to Trade Creditors however HMRC was recorded as being owed £33,008. At the date of liquidation, HMRC’s liability had increased to £56,210 whilst trade creditors were owed £230.Trading to the detriment of HMRC TDS submitted 12 returns from quarter ending October 2015 to July 2018 resulting in VAT liabilities of £50,344 with surcharges of £6,284, three payments in the total sum of £4,821 was made to HMRC in this period leaving a balance of £44,060 that remained outstanding at the date of Liquidation. HMRC raised a VAT assessment for quarter ending October 2018 for £3,829 with a surcharge of £574, no payments were made in this quarter. HMRC’s claim in respect of outstanding VAT is £56,210. Comparative Treatment TDS’ accounts for year ending 5 April 2017 do not record any amounts owing to Trade Creditors however HMRC was recorded as being owed £33,008. At the date of liquidation, HMRC debt position had increased to £56,210 whilst trade creditors were owed £230 DLA – Has been recorded incorrectly in SOA and is actually outstanding, IP is seeking recovery action however unlikely to recover. 

    This information is correct as at 4 / 7 / 2019



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