Case details for SIMA LAKHA ODEDARA



Date of Birth: 7 / 11 / 1983

Date Order Starts: 6 / 2 / 2019

Disqualification Length: 6 Years  Month(s)

CRO Number: 09545665

Last Known Address: 40 HATHERLEIGH ROAD, , , , LEICESTER, LE5 5NR

Conduct: For the period of VAT registration, 01 May 2015, up to and including quarter period ended July 2017, Mrs Odedara failed to ensure Yellow submitted accurate returns to HM Revenue and Customs (“HMRC”) for Value Added Tax (“VAT”) which resulted in an under-declaration of VAT liabilities in the sum of £169,809. At the date of liquidation, the total liabilities owed to HMRC, including penalties, surcharges and interest totalled £245,628; these remain unpaid. VAT

  • Yellow registered for VAT effective from 1 May 2015.
  • Yellow submitted timely VAT returns for all periods from registration up to and including period 01/17 showing a total of £9,260 was due to HMRC, for which full payment was made.
  • Yellow failed to submit a return or make payment for monies due for period 04/17. HMRC subsequently raised an assessment and a surcharge in the total sum of £2,790, for which no payment was made.
  • Yellow failed to submit a return or make payment for monies due for periods 07/17 and 10/17. These were not due to be submitted or paid until after the commencement of the Liquidation. HMRC subsequently raised assessments for 07/17 and 10/17 and a surcharge for 07/17 in the total sum of £5,993, which remain unpaid.
  • HMRC on 1 February 2017, following concerns with the input tax recorded on the VAT returns, made a failed visit to the company to discuss the company’s VAT affairs. Subsequent attempts to review the books & records also proved unsuccessful.
  • Following the Liquidation HMRC reviewed the books and records held by the Liquidator and subsequently raised Officer Assessments for the quarter periods ended 07/15 to 07/17 in the total sum of £169,809, although these were not notified to the company until after the commencement of the Liquidation. Additionally Penalties of £63,358 and Interest of £3,678 were incurred. No payment has been made in respect of the Officers Assessments, Penalties and Interest.
  • At Liquidation the total amount claimed by HMRC in respect of Yellow’s VAT liabilities was £245,628, made up of VAT of £174,831, Penalties of £63,358, Surcharges of £3,761, and Interest of £3,678. Comparative Treatment
  • Bank statements show that from 23 April 2015 (the date the account was opened) up to 30 June 2017 (the date the account was closed) £1,158,165 was expended from Yellow’s bank account. Of these payments HMRC are listed as having received £15,306 in respect of Yellow’s VAT, Pay As You Earn (“PAYE”) and National Insurance Contribution (“NIC”) liabilities.
  • At Liquidation the Crown liabilities are listed as totalling £250,578, of which VAT is listed as £245,628. All other creditors are listed as totalling £32,310. 

    This information is correct as at 10 / 4 / 2019

    If you believe this page contains any errors, please email with details of the error that you have found.