Case details for Paul James Boag

Name: Paul James Boag

Name: Boag Industries Ltd

Date of Birth: 19 / 7 / 1973

Date Order Starts: 10 / 10 / 2023

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 11643861

Last Known Address: 84 Noreen Avenue,, Minster on Sea,, , , SHEERNESS,, ME12 2EH

Conduct: Paul James Boag (‘Mr Boag’) failed to ensure Boag Industries Limited (‘BOAG’) maintained and/or preserved adequate accounting records or in the alternative, following liquidation, he failed to deliver up to the Liquidator when required such records as were maintained and/or preserved relating to the period between BOAG’s incorporation on 26 October 2018 to 16 April 2021, the date of liquidation. As a result, it has not been possible to: Determine the reason for payments totalling £6,762,715 from BOAG’s bank accounts between 15 May 2020 and 16 November 2020 Determine the reason for receipts totalling £6,973,722 into BOAG’s bank accounts between 15 May 2020 and 12 November 2020 Determine the reason for receipts totalling £1,973,023 from HM Revenue and Customs (“HMRC”) into BOAG’s bank accounts between 28 May 2020 and 12 November 2020, which relates to third-party Coronavirus Job Retention Scheme claims, and whether those funds were subsequently utilised to pay the employment costs of furloughed employees during the Covid-19 pandemic Verify the existence, ownership, value and whether there has been an accurate disclosure of BOAG’s assets Verify the true liability to HMRC in respect of Value-Added Tax. In particular: i) establish whether BOAG held evidence of taxable supplies received during the VAT period 03/19 to 09/20 ii) establish the amount of input tax that ought to have been claimed by BOAG for the VAT period 03/19 to 09/20 iii) Verify HMRC’s decision to raise assessments on BOAG’s VAT returns for the periods 03/19 to 09/20 which resulted in a underdeclared VAT liability in the sum of £151,146 Verify the true liability to HMRC in respect of Corporation Tax, or income tax deducted from the emoluments of employees and subcontractors via Pay As You Earn or the Construction Industry Scheme Establish the extent of Mr BOAG’s remuneration or the final balance of any director loan accounts 

This information is correct as at 8 / 11 / 2023



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