Case details for MARINO OLIVIERI

Name: MARINO OLIVIERI

Name: MARCOS OLIVE BRANCH

Date of Birth: 5 / 11 / 1995

Date Order Starts: 3 / 4 / 2019

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 09609962

Last Known Address: 8A BRADSTONE ROAD, , WINTERBOURNE, , BRISTOL, BS36 1HQ

Conduct: Marino Olivieri (Mr Olivieri) failed to ensure that payments for VAT, Corporation Tax and PAYE were made when due to HM Revenue & Customs ('HMRC') and caused Marcos Olive Branch Ltd to trade to the detriment of HMRC from at 5 April 2016, when VAT for the period to 28 February 2016 fell due. HMRC are owed 112,400 in the liquidation: VAT

  • At the date of winding up 89,431 was outstanding for VAT for the period 02/16 to the date of winding up.
  • This is made up of 82,554 due on returns and assessments plus surcharges totalling 6,354. The balance is assumed to be interest.
  • During the period 02/16 to the winding up payments of 12,275 were made in respect of VAT. Corporation Tax ('CT')
  • At the winding up date CT was outstanding for the year ending 31 May 2016.
  • 2,962 was due and no payments were made.
  • This should have been settled by 1 March 2017. PAYE
  • PAYE/ of 5,221 remains outstanding for the tax year 2015/2016, due for payment by 22 April 2016;
  • PAYE of 12,008 remains outstanding for the tax year 2016/2017, due for payment by 22 April 2017;
  • PAYE of 2,569 remains outstanding for the tax year 2017/2018, due for payment by 22 April 2018;
  • In the period 23/10/15 to 28/02/17 6 payments totalling 5,301 were made to HMRC in respect of PAYE;
  • A total of 19,798 is due for PAYE deducted from employees, but not paid over to HMRC. Comparative Treatment
  • The filed accounts to 31 May 2016 show total creditors of 39,798. There is no breakdown of the creditors.
  • At the date of winding up there were 4 trade and expense creditors, totalling 9,197;
  • At the date of winding up date 112,400 was due to HMRC;
  • VAT working papers provided by the accountant to the company show in the period 1 June 2016 to 31 May 2017 payments totalling 167,793 were made to trade and expense creditors.
  • From cessation of trading to the date of winding up the company had made payments totalling 17,576 to HMRC. 

    This information is correct as at 14 / 3 / 2019



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