Case details for Tahir MAHMOOD

Name: Tahir MAHMOOD

Name: TSF Management Services Limited

Date of Birth: 1 / 1 / 1971

Date Order Starts: 6 / 4 / 2022

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 11588765

Last Known Address: 56 Exeter Road,, , , , PETERBOROUGH,, PE1 3QA

Conduct: Between 01 May 2019 and 08 July 2020 (the period HMRC raised assessments for), Tahir Mahmood (“Mr Mahmood”) failed to ensure TSF Management Services Ltd (“TSF”) submitted accurate Value Added Tax (“VAT”) returns to HM Revenue and Customs (“HMRC”), which resulted in additional VAT liabilities and penalties that remain unpaid at the date of liquidation. In that: TSF registered for VAT on 01 March 2019; TSF submitted 4 returns covering VAT periods 04/19 to 04/20 which were paid in full; TSF submitted a final return totalling £36,211 for VAT period 07/20 on 21 September 2020 which remained outstanding at the date of liquidation; On 08 July 2020, TSF was deregistered for VAT by HMRC as HMRC had determined TSF’s registered address to be a virtual office and from the VAT point, cannot be classed as a permanent place of trade; Further, HMRC commenced an investigation into the company’s VAT returns and on 01 October 2020, HMRC officers determined that TSF had failed to record and declare all sales and had therefore under declared their VAT; As a result, HMRC raised an Officer’s Assessment in the sum of £77,862 for under declared VAT liabilities for VAT periods 10/19, 01/20, 04/20 and 07/20 and imposed penalties totalling £1,042; At liquidation, TSF’s liabilities totalled £166,627 of which £116,597 was owing to HMRC (£115,115 in respect of VAT, £1,282 in respect of PAYE and £200 in respect of Corporation Tax penalties). 

This information is correct as at 16 / 3 / 2022

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