Case details for Asif NAWAZ

Name: Asif NAWAZ


Date of Birth: 15 / 7 / 1970

Date Order Starts: 18 / 8 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08942993

Last Known Address: 130 Hillmorton Road,, , , , RUGBY,, CV22 5AL

Conduct: From 07 February 2016, (when the VAT return for the Quarter ended 31 December 2015 was due), Asif Nawaz (“Mr Nawaz”) failed to ensure that STATION TAXIS HIRE LIMITED (“STH”) submitted accurate returns to HM Revenue & Customs (“HMRC”); for Value Added Tax (“VAT”) in respect of the quarters ended 31 December 2015 to 30 September 2019, resulting in under declarations of tax liabilities that remained unpaid at the date of liquidation. In that: • STH was incorporated and commenced trading on 17 March 2014. The company was registered for VAT from that date. He was the sole director throughout. STH ceased trading on 16 April 2020. • VAT returns were submitted for the quarters ended 31 December 2015 to 31 December 2018, of which 3 were payment returns totalling £106, the remaining 8 periods were all claims for repayments totalling £19,692, of which £18,868 was paid by HMRC to STH. • On 19 February 2019 an HMRC officer visited the company and found errors on the returns. • Further information was requested by HMRC in a letter of 11 March 2019, including bank statements and a list of vehicles owned by the company. In addition advice was given to the company that all sales, regardless of whether an insurance claim was involved should be standard rated and VAT should be charged and invoiced. STH did not reply to HMRC and no further returns were submitted by STH • On 28 October 2019 HMRC provided their proposed assessment to the company, explained how the assessments were calculated and offered STH the opportunity to provide explanations if it disagreed. STH did not reply to HMRC and consequently assessments were raised to rectify the position. • The VAT due was calculated by HMRC using 2 methods; - by looking at the income shown on the bank statements, and - by looking at the number of cars rented and analysing amount due per car per year. • On 08 January 2020 HMRC confirmed that the assessments for VAT totalled £205,197 and advised STH that penalties would also be charged for the inaccuracies. • In July 2020 he approached insolvency practitioners for advice. • The total amount claimed by HMRC in the liquidation is £335,792, including PAYE, interest and penalties • The available bank statements show that between 26 October 2018 and 29 February 2020 a total of £36,620 was paid to the director whist a total of £622 was paid to HMRC, of which £161 was for VAT. • The statement of affairs discloses other debts totalling £1,681 owed to 2 trade creditors and £6,000 owed to him. 

This information is correct as at 28 / 7 / 2021

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