Case details for Gregory Spence THOMPSON

Name: Gregory Spence THOMPSON

Name: Mack's Cocktails Bar and Grill Limited

Date of Birth: 19 / 6 / 1968

Date Order Starts: 4 / 10 / 2018

Disqualification Length: 3 Years 6 Month(s)

CRO Number: SC473778

Last Known Address: 3, Smiddy Cottages, , , Ferness, IV12 5UP

Conduct: Gregory Spence Thompson (“Mr Thompson”) caused Mack’s Cocktail Bar & Grill Limited (“the company”) to trade to the detriment of HM Revenue & Customs (“HMRC”) in respect of VAT from February 2015 and RTI PAYE from 22 October 2016 resulting in a total unpaid liability to the Crown of £102,376 at liquidation in that: VAT

  • Following the submission of VAT returns for VAT quarters 08.14 and 09.14 declaring a total VAT liability of £1,196 the company made 3 payments totalling £1,500 between 02 December 2014 and 30 December 2014, resulting in a VAT credit of £303.
  • Following the submission of a VAT return for VAT quarter 12.14 declaring a liability of £2,588, against which the £303 credit was offset, the company made a payment of £741 on 21 April 2015, leaving a balance of £1,544 outstanding.
  • Between VAT quarters 03.15 and 06.16 the company submitted VAT returns declaring a total liability of £22,283, which attracted surcharges totalling £3,187, bringing the total unpaid VAT liability to £27,014 against which the company made a payment of £5,000 on 11 November 2016, leaving a balance of £22,014 unpaid.
  • Between VAT quarters 09.16 and 12.17 the company submitted VAT returns declaring a total liability of £47,924, which attracted surcharges totalling £7,189, against which the company made no payments. As a result, at liquidation, the company had accrued an unpaid VAT liability of £77,127 which began accruing from VAT quarter 12.14 (due to be paid by 07 February 2015). RTI PAYE:
  • Against a declared liability of £18,551 for tax year 2016/2017 HMRC granted an employers allowance of £3,000 leaving the company with a liability of £15,551 against which the company made payments on 03 September 2016 and 10 November 2016 totalling £5,509. The balance of £10,402, which ought to have been paid by 19 April 2017 at the latest, remained outstanding at liquidation of £10,042.
  • Against a declared liability of £18,207 for tax year 2017/2018 HMRC granted an employers allowance of £3,000 leaving the company with a liability of £15,207. The company made no payments towards the liability resulting in an unpaid liability at liquidation of £15,207. COMPARATIVE TREATMENT:
  • At the end of the accounting period 31 March 2016 the company owed Mr Thompson the sum of £36,596. No liabilities were outstanding to trade creditors; however £48,310 was owed to HMRC.
  • In the accounting period to 31 March 2017, he decreased his loan to the company by £23,062 leaving £13,534 owing. Trade creditors in the sum of £3,000 accrued and the liability owed to HMRC increased to £76,725.
  • In the period 01 April 2017 to 15 February 2018, when the company was placed into liquidation, he remains a creditor in the sum of £13,534 and trade creditors were reduced to £144. In comparison the liability to HMRC increased to £102,376. This was achieved as a result of him causing the company to make payments totalling £167,266 from the company bank account in the period 05 April 2017 to 16 February 2018 all of which was used to pay trade and expense creditors and meet payment of the company’s overheads whilst no payments were made to HMRC. 

    This information is correct as at 17 / 9 / 2018



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