Case details for Alexandra Aura VERESS

Name: Alexandra Aura VERESS


Date of Birth: 11 / 3 / 1990

Date Order Starts: 17 / 11 / 2021

Disqualification Length: 2 Years 6 Month(s)

CRO Number: 10246981

Last Known Address: 36 Park View Road,, , , , SUTTON COLDFIELD,, B74 4PT

Conduct: Alexandra Aura Veress (“Mrs Veress”) allowed Extreme Drivers Limited (“EDL ”) to trade to the detriment of Her Majesty’s Revenue and Customs (“HMRC”) in respect of Value Added Tax (“VAT”) from 7 August 2017, the date by which EDL’s VAT liability for the quarter ended June 2017 was due for payment, to cessation of trading on 01 August 2018, resulting in a liability to HMRC for VAT at liquidation of £296,939. In that: VAT • On 29 August 2017 EDL paid £4,639 to HMRC in respect of a VAT assessment which had been raised for the quarter ended June 2017. On 18 October 2017 EDL submitted a return for this period showing that £44,255 was due for VAT. No further payment was made towards this liability, leaving £39,616.16 outstanding for that period. • Returns were submitted for the next 3 quarters showing a total due for VAT of £218,111 • A further 3 payments were made totalling £21,000, however, this was insufficient to meet the ongoing VAT liabilities • On 9 January 2018 a time to pay agreement was made but subsequently failed when ongoing liabilities were not paid. On 21 February 2018 a further time to pay request was refused. On 6 June 2018 a 7 day demand letter was issued. • Assessments were raised for VAT quarters ended June 2018 and September 2018 totalling £172,559, however, journal entries show £60,211 VAT incurred for this period. Therefore, the amount of VAT due at liquidation was £296,939 (exclusive of charges and interest). Different treatment of HMRC • Accounts for the year ended 30 June 2017 disclose liabilities to trade creditors amounting to £1,605 and liabilities in respect of ‘VAT, taxation and social security’ amounting to £73,052. By the date that EDL entered liquidation the amount owed to trade creditors had increased by £3,669 to £5,274, whilst the amount owed to HMRC had increased by £266,482 to £339,534 (VAT £296,939, PAYE and NIC £3,620, surcharges/interest £38,975). • Accounts for year end 30 June 2017 disclose a liability to the directors totalling £101,926, which by the date of liquidation had decreased by £75,831 to £26,095. • EDL’s ledgers disclose payments to trade creditors totalling £123,057 from 01 July 2017, dividend payments of £40,000. In comparison from 1 July 2017 EDL made payments of £25,639 to HMRC for VAT. 

This information is correct as at 10 / 11 / 2021

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