Case details for Tariq Mahmood

Name: Tariq Mahmood

Name: KS CONSULTANTS (GB) LTD

Date of Birth: 18 / 6 / 1971

Date Order Starts: 28 / 3 / 2022

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 09006447

Last Known Address: 27 Highfield Road,, Moseley,, , , BIRMINGHAM,, B13 9HL

Conduct: From 07 June 2018, Tariq Mahmood (“Mr Mahmood”) failed to ensure KS Consultants (GB) Limited (“KS”) complied with its statutory obligations to submit timely Value Added Tax (VAT) returns and make payments to Her Majesties Revenue and Customs (HMRC) as and when they fell due causing KS to trade to the detriment of HMRC, resulting in VAT liabilities totalling £880,184 at liquidation, inclusive of interest and surcharges. In that: On 12 March 2019, KS filed late VAT returns for quarters ending 31 July 2017 to 31 January 2018 inclusive, disclosing liabilities of £1,399. On the 12 March 2019, HMRC raised a surcharge of £41 against VAT quarter ending 31 January 2018. Between 18 and 22 March 2019 KS made 4 payments to HMRC in respect of VAT totalling £1439, which were allocated against quarters ending 31 July 2017 to 31 January 2018. KS failed to submit timely VAT returns for quarters ending 30 April 2018 to 31 January 2020. On 20 May 2020, HMRC raised VAT assessments of £241,684 for this period. Following the assessments raised by HMRC, KS submitted VAT returns on 11 June 2020 for quarters ending 30 April 2018 to 30 April 2020 inclusive. These disclosed total VAT liabilities of £20,746. HMRC undertook an investigation to verify the returns submitted as a result of which on 16 July 2020, HMRC disallowed input tax claimed by KS and raised further assessments of £566,531 (exclusive of surcharges). No payments have been made by KS to HMRC in respect of the assessments raised for quarters ending 30 April 2018 to 30 April 2020. As a result, HMRC are owed £880,184 at liquidation. Comparative Treatment During the period 01 January 2018 to liquidation, a total of £7,361,427 was paid into the company bank account. A total of £7,361,068 was paid out of which £1,439 was paid to HMRC in respect of VAT. Accounts to the year ending 31 May 2018 list trade creditors as £0, other creditors as £7,022 and taxation as £5,052. Accounts to the year ending 31 May 2019 list trade creditors as (£1), other creditors as £3,831 and tax £18,984. At liquidation, HMRC are owed a total £880,184 in respect of VAT and £2,502 in respect of PAYE inclusive of interest, surcharges and trade creditors are owed £28,524. 

This information is correct as at 8 / 3 / 2022



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