Case details for JASON CLARK

Name: JASON CLARK

Name: CORPORATE SYSTEM GROUP LIMITED

Date of Birth: 16 / 5 / 1972

Date Order Starts: 7 / 11 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 09540097

Last Known Address: 70 EMMETT ROAD, CRAFERS WEST, , , ADELAIDE, SA 5152

Conduct: Mr Jason Clark (“Mr Clark”) caused Corporate Systems Group Limited (“CSGL”) to trade to the detriment of HM Revenue & Customs (“HMRC”) from at least 22 February 2016 the date of the liquidation on 13 July 2017 resulting in a total tax debts due of at least £189,207 in relation of Value Added Tax (“VAT”) and Pay As You Earn tax and National Insurance Contributions (“PAYE/NIC”), in that: VAT Liability

  • CSGL was registered for a VAT scheme commencing from 1 October 2015. The first VAT return for the period ended 11/15 ought to have been filed by 7 January 2016. CSGL filed returns for both quarters ended 11/15 and 02/16 on 4 April 2016 declaring a £Nil and £1,660 liability respectively. The liability was settled in full by a payment made earlier on 15 March 2016.
  • The VAT returns for the quarters ended 05/16, 08/16 and 11/16 were all filed late and on the same date on 20 January 2017. The total VAT liability declared for the 3 VAT quarters is £16,060. No payment was made towards any of the liability.
  • No further VAT returns were filed thereafter. In the absence of a return, HMRC raised an assessment of £27,087 covering the trading period of December 2016 to liquidation. No payment was made towards this assessment.
  • At liquidation, the sum of £43,147.40 remains unpaid in relation to the VAT. PAYE/NIC liabilities
  • For the 2015/16 tax year, the monthly returns filed by CSGL for the tax year declared a total liability of £40,227. An Employment Allowance of £2,000 was allocated towards the tax year by HMRC and was used by HMRC to reduce the total liability to £38,227. No payment was made by CSGL towards the liabilities for the tax year.
  • For the 2016/17 tax year, the 7, monthly returns filed by CSGL declared a total liability of £53,199. HMRC raised assessments totalling £29,925 for a further 4 months, bringing the total liability for the year to £83,124. An Employment Allowance of £3,000 was allocated towards the tax year by HMRC and was used by HMRC to reduce the total liability to £80,124. No payment was made by CSGL towards the liabilities for the tax year.
  • For the 2017/18 tax year, no monthly return was filed and in the absence of a return, HMRC raised 4, monthly assessments totalling £27,708 covering Month 1 to Month 4. No payment was made by CSGL towards the liabilities for the tax year. He advised that CSGL ceased trading in March 2017. CSGL’s bank entries show regular payment made to individuals until 7 July 2017. CSGL bank receipts and payments
  • An analysis of CSGL’s bank statements for the period of 3 November 2015 (first receipt) to 10 July 2017 (last transaction prior to the liquidation) shows the bank account received £851,806 (including £44,500 received from him and excluding banking charges and reversal of payments). During the period, CSGL paid out £851,668. A payment of £1,660 was made to HMRC.
  • On 30 March 2017, he sought the advice of Insolvency Practitioners. Professional advice was given to him that CGSL was insolvent and should be placed into liquidation. On 12 April 2017, he signed an engagement letter which instructed the company to be placed into Creditors’ Voluntary Liquidation. During the period of 1 April 2017 to 10 July 2017, CSGL received £72,953.94 (including £5,500 received from him and excluding banking charges and reversal of payments) and paid out £73,617 (including £11,500 to him) respectively. None of this income was paid to HMRC.
  • HMRC is the largest creditor in the Liquidation, with the Statement of Affairs stating a debt of £128,821 out of the total liability of £218,774. The Liquidator received claims from creditors totalling 257,679, including HMRC of £189,507 (including a Corporation Tax liability of £300). 

    This information is correct as at 8 / 11 / 2018



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gsi.gov.uk with details of the error that you have found.

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