Case details for Karis Patrene  Pink

Name: Karis Patrene  Pink

Name: TETON EVENTS LIMITED

Date of Birth: 23 / 3 / 1971

Date Order Starts: 22 / 10 / 2021

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 09223269

Last Known Address: 89 St. Michaels Avenue,, , , , WEMBLEY, HA9 6SA

Conduct: Karis Patrene Pink (“Ms Pink”) failed to ensure that Teton Events Limited (“Teton”) complied with its statutory obligations to submit all returns in a timely manner and remit all monies to HM Revenue & Customs (‘HMRC’) in respect of VAT, PAYE/NIC and Corporation Tax. In addition, Ms Pink caused or allowed Teton to trade to the detriment of HMRC from 7 February 2017 resulting in total liabilities of £139,125 (excluding surcharges, penalties and interest) at the date of her resignation on 22 March 2018. In that: VAT • Teton submitted VAT returns from quarter period ending 30/06/2015 through to 30/06/2017 and failed to pay the VAT returns in full from quarter period ending 30/03/2016 onwards. • Teton failed to maintain a Time to Pay Arrangement of £1,250 per week first payment made on 23/02/2017. The final payment was made on 28/07/2017. The payments made totalling £28,750 were allocated towards arrears in VAT for quarter period ending 31/06/2016 and 30/09/2016, resulting in these being paid in full, and part payment towards period ending 31/12/2016. • Teton made a payment of £8,000 on 22/06/2017 towards quarter period ending 31/03/2017. • Sums remain outstanding for quarter period ending 31/12/2016, 31/03/2017 and 30/06/2017 totalling £66,002. Payment for quarter period ending 31/12/2016 was due on 07/02/2017. • Teton failed to submit any further returns resulting in HMRC raising assessments for quarter period ending 30/09/2017 to 31/12/2017 totalling £48,232. • No payments were made towards these liabilities. • The outstanding VAT for quarter period ending 31/12/2016 to 31/12/17 totals £114,234. • As a result of Teton’s failure to submit returns and make sufficient payments, surcharges of £18,744 remained outstanding at 22 March 2018. PAYE/NIC • For tax year 2015/16 Teton submitted 11 months of RTI tax returns and 1 month assessment of £13,933, Employers Allowance of £2,000 was deducted and Teton made payments of £10,282 towards this liability. £1,651 remained outstanding. • For tax year 2016/17 Teton submitted RTI tax returns of £6,959, Employers Allowance of £1,377 was deducted and Teton made payments of £3,805 towards this liability. £1,777 remained outstanding. • For 11 months of tax year 2017/18 Teton submitted RTI tax returns of £9,678 and Employers Allowance of £2,609 was deducted. No payments were made towards this liability and £7,069 remained outstanding. • The outstanding liability for PAYE and NIC for tax year 2015/16, 2016/17 and 2017/18 totals £10,497. Corporation Tax • Teton submitted a Corporation Tax return for accounting period ending 31/12/2015 of £5,135, due for payment on 01/10/2016. Of this £5,135 was for S419 tax in respect of the outstanding Directors Loan Account of £20,539. • Teton submitted a Corporation Tax return for accounting period ending 31/12/2016 of £9,259. Of this £7,813 referred to S455 tax in respect of the outstanding Directors Loan Account of £24,043. • Teton failed to submit any further Corporation Tax returns. • No payments were made towards these liabilities. • The outstanding Corporation Tax liability for accounting periods ending 31/12/2015 and 31/12/2016 totals £14,394. • Teton incurred penalties of £200 for accounting period ending 31/12/2016 and £200 for accounting period ending 31/12/2017 that remained outstanding at the date of liquidation. Comparable Treatment • From 31/12/2016 to liquidation the total creditors had decreased by £16,893 and the amount owed to HMRC had increased by £164,147. • Bank statements show during the period 01/01/2017 to 22/03/2018 £1,182,884 was paid out of the company bank account of which £995,370 was paid towards expenditure and wages and £40,577 was paid to HMRC. • At liquidation the debt owed to HMRC was £213,364 (adjusted for cessation of trading) whilst the liability to other creditors was £71,043 of which £70,443 was claimed by the local authority. 

This information is correct as at 1 / 10 / 2021



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