Case details for Stephen Christopher Sweeney

Name: Stephen Christopher Sweeney


Date of Birth: 5 / 8 / 1969

Date Order Starts: 8 / 5 / 2019

Disqualification Length: 5 Years 0 Month(s)

CRO Number: SC349960

Last Known Address: 22 Berriedale Terrace, , Blantyre,, , GLASGOW, G72 0GP

Conduct: Stephen Sweeney (“Mr Sweeney”) caused Medical Evidence4U Limited (“Medical Evidence”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of Value Added Tax (”VAT”) from 8 September 2015 to the date of liquidation on 10 July 2017:

  • On 17 October 2016, HMRC issued a Notice of Assessment detailing that ten VAT periods from January 2013 to October 2016 were deemed to have been under declared or subject to additional assessments. HMRC’s Officers Assessment for the under declared VAT tax for four quarters, January 2013 to October 2013 and totalled £3,696 with additional assessments for six quarters, July 2015 to October 2016 and totalled £64,657, with additional interest of £1,604. This figure was retrospectively applied to the VAT ledger on 20 January 2017. No payments were made resulting in £69,957 outstanding at liquidation.
  • The Officers assessment covering under declaration and additional assessments of VAT for period January 2013 to October 2016 was based on company accounts to year end 31 October 2013 by HMRC, as three separate visit dates from HMRC were cancelled by, or on behalf of Mr Sweeney.
  • Medical Evidence failed to submit VAT returns for quarters ending 31 July 2015 to 30 April 2017, resulting in HMRC raising assessments to the value of £39,975 with surcharges levied of £15,695. No payments were made, resulting in £55,670 outstanding at liquidation.
  • On 12 December 2014 HMRC received £4,000 which was applied to quarter July 2014. Four payments totalling £7,292.68 were received on 4 August 2015, with £714.83 being applied to quarter July 2014, £3,760.35 to quarter October 2014, £740.67 to quarter January 2015 and £2,076.83 to quarter April 2015. No further payments were made prior to the liquidation
  • Pre 31 July 2015 a liability of £2,325 had accrued, therefore giving an overall liability of £139,760 which remains outstanding at liquidation. Comparative Treatment
  • Analysis of the company bank statements discloses that pre 8 September 2015 the company bank account had an overdrawn balance of £13,896. From this date to liquidation, receipts totalled £57,618 plus a £15,000 loan which repaid the overdraft, with expenditure of £58,723 including £5,910 drawn as self withdrawals or cash, £16,859 paid either directly or for the benefit of the director, £5,412 paid to an unknown bank account and £2,250 paid out to an associated company.
  • There is also £19,238 paid out to apparent trade creditors.
  • There is one outstanding creditor claim in the liquidation, which is in respect of HMRC for £149,367 as per the Final Proof of Debt. 

    This information is correct as at 24 / 4 / 2019

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