Case details for TEODOR DAMIEN



Date of Birth: 27 / 3 / 1986

Date Order Starts: 11 / 7 / 2019

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 09687519

Last Known Address: 16, Mixes Hill Road, , , Luton, LU2 7TX

Conduct: Mr Teodor Damian (‘Mr Damian’) failed to ensure that D&T Decoration Ltd (‘D&T’) met its financial commitments as regards VAT and caused D&T to trade to the detriment of HM Revenue & Customs ('HMRC') and to his own benefit from at least 07 February 2016, when VAT for December 2015 fell due, to its cessation in December 2017. As a consequence HMRC have claimed £149,403 in the liquidation. In that:

  • VAT returns were submitted for December 2015, January 2016 and June to December 2017;
  • Although returns were submitted (late) for the quarters June 2016 to March 2017, HMRC refused to accept them without further evidence from the Company, which was not provided;
  • At the date of D&T's cessation in December 2017, VAT of £46,803 was outstanding;
  • HMRC also raised an Officer's Assessment for the quarters December 2015 to March 2017, totalling £41,712;
  • In addition a penalty of £9,518 was charged because output tax had been under-declared by D&T and HMRC deemed this to be 'careless';
  • At the liquidation date HMRC was the majority creditor, no other creditors having claimed;
  • Bank statements show expenditure of £429,381 from 04 January 2016, of which £161,589 was paid to him and nothing was paid to HMRC. 

    This information is correct as at 21 / 6 / 2019

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