Case details for Jamie  Jones

Name: Jamie  Jones

Name: Electrical Solutions SY Ltd

Date of Birth: 13 / 11 / 1990

Date Order Starts: 6 / 9 / 2021

Disqualification Length: 3 Years 6 Month(s)

CRO Number: 08344964

Last Known Address: Heath Holding, Wattlesborough Heath, Halfway House, , SHREWSBURY, SY5 9EG

Conduct: Jamie Jones (Mr Jones) failed to ensure that Electrical Solutions SY Ltd met its financial obligations to HM Revenue & Customs (HMRC) and caused Electrical Solutions SY Ltd to trade to the detriment of HMRC from at least 7 September 2017 in respect of Value Added Tax (VAT) totalling 267,515 including surcharges of 32,289 and from at least 22 May 2018 in respect of Pay As You Earn (PAYE) and Construction Industry Scheme (CIS) tax of 168,320 including interest of 836 until August 2019 when the company ceased trading. VAT Mr Jones has confirmed he was aware of the requirement to submit VAT returns and make payment to HMRC. He completed the VAT1 application which was received by HMRC on 16/10/2013. Between July 2017 and June 2019 returns were submitted in respect of VAT totalling 283,813. A return was not submitted for the last quarter of trading to August 2019 therefore HMRC raised an assessment of 42,238. Between July 2017 and August 2019 Surcharges totalling 32,289 were applied by HMRC. Between July 2017 and August 2019 payments totalling 90,825 were made. As a consequence, HMRC are owed 267,515. PAYE HMRC have provided evidence that at liquidation the company had arrears of PAYE outstanding from April 2018. For the 18/19 tax year net PAYE & CIS of 178,970 was due plus interest of 836. Payments made in the year totalled 63,376 leaving 116,430 unpaid. For the 19/20 tax year net PAYE & CIS of 51,890 was due. No payments were made. As a consequence, HMRC are owed 168,320. Comparative Treatment Company accounts show that in January 2017 total creditors were 179,015 of which the debt to HMRC was only 8,660. By the end of trading in August 2020 total creditors had increased to 638,410 of which 440,464 was owed to HMRC. Mr Jones entered into Time To Pay (TTP) arrangements with HMRC in May and December 2018 but both failed when payments were not maintained. An instalment agreement made in February 2019 also failed. Analysis of the company bank statements shows that between April 2018 and liquidation deposits into the account totalled 2,355,57 and withdrawals 2,037,839. Of this at least 243,727 was paid to Mr Jones for his own benefit and 174,005 was paid to HMRC despite him being fully aware of the accruing debt and the remainder went to trade creditors. Of the 174,005 paid to HMRC between July 2019 and August 2020 19,804 was allocated to liabilities in earlier years not included in this allegation. 

This information is correct as at 18 / 8 / 2021

If you believe this page contains any errors, please email with details of the error that you have found.