Case details for SARUNAS KERUTIS



Date of Birth: / /

Date Order Starts: 19 / 2 / 2019

Disqualification Length: 5 Years 60 Month(s)

CRO Number: INV5049185

Last Known Address: 25 ST LUCIA CRESCENT, , , , BRISTOL, BS7 0XR

Conduct: Solely for the purposes of the CDDA and for any other purposes consequential to the giving of a disqualification undertaking, He does not dispute the following matters: ? He was a director of DFN COMMUNICATIONS LIMITED ? Which went into Creditors Voluntary Liquidation on 8 September 2016 ? With assets of £6,000 ? Liabilities of £282,044 ? A deficiency as regards creditors of £276,044 ? And share capital of £1 ? Making a total deficiency of £276,045 MATTERS OF UNFITNESS He as the sole registered director of DFN Communications Limited (“DFNCL) failed to ensure that DFNCL complied with its statutory obligations to submit returns to HM Revenue and Customs (“HMRC”) in respect of its Construction Industry Scheme (“CIS”) Tax, Pay As You Earn (“PAYE”)/National Insurance Contributions (“NIC), Value Added Tax (“VAT”) and Corporation Tax (“CT”) and caused DFNCL to trade to the detriment of HMRC from 23 May 2014 (when the CIS Tax and the PAYE/NIC liabilities for the tax month ended 05 May 2014 fell overdue for payment to HMRC) and from 08 July 2014 when the VAT return for the VAT quarter ended 05/14 fell overdue for payment to HMRC) until DFNCL was placed into liquidation on 08 September 2016. CIS/PAYE/NIC DFNCL failed to submit twenty eight consecutive CIS/RTI monthly returns to HMRC from the tax month ended from 05 May 2014 to the tax month ended 05 August 2016. In the absence of returns HMRC raised assessments for CIS/PAYE/NIC liabilities totalling £164,093 (£5,860 per tax month) and imposed CIS penalties totalling £19,400. HMRC applied the credit of £1,402 to the CIS liability for the tax month ended 05 May 2014, leaving a part balance of £4,452; At the date of liquidation DFNCL’s outstanding CIS/PAYE/NIC liabilities that had fallen overdue prior to the date of liquidation totalled £182,991 (including CIS penalties totalling £20,300 includes CIS penalties totalling £900 for the 2013/2014 tax year); VAT DFNCL failed to submit VAT Returns to HMRC for the twelve consecutive VAT quarters ended: 05/13, 11/13, 02/14, 05/14, 08/14, 11/14, 02/15, 05/15, 08/15, 11/15, 02/16, 05/16. In the absence of the VAT Returns HMRC raised VAT assessments and applied surcharge totalling £83,475; Between 25 April 2014 2013 and 14 May 2015 HMRC allocated payments totalling £12,061 against the assessed VAT liabilities for the VAT quarters ended 05/13, 08/13 and 02/14; Page 3 of 3 At the date of liquidation DFNCL’s outstanding VAT and surcharge liabilities that had fallen overdue totalled £71,414. The earliest full amount of assessed VAT liability was for the VAT quarter ended 05/14 which should have been settled by 07 July 2014; Corporation Tax (“CT”) DFNCL failed to submit CT returns for the periods ended 30 June 2013, 30June 2014 and 30 June 2015 to HMRC. HMRC imposed penalties totalling £1,900, which remained outstanding at the date of liquidation; Differential Treatment DFNCL did not operate a business bank account. He utilised my personal bank account for DFNCL. He has provided the Liquidator with various spreadsheets detailing transactions in the period from 23 May 2014 to the 01September 2016. At least £246,323 was expended from my personal bank account to various parties including myself. Whilst over the same period nothing was paid to HMRC in respect of its CIS/PAYE/NIC/ liabilities and £6,000 was paid to HMRC in respect of its VAT liabilities. 

This information is correct as at 30 / 5 / 2019

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