Case details for Jason Michael John Edwards

Name: Jason Michael John Edwards


Date of Birth: 8 / 5 / 1987

Date Order Starts: 17 / 8 / 2021

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 29/11/2018

Last Known Address: 335 Sutton Common Road,, , , , SUTTON,, SM3 9HZ

Conduct: Between 3 September 2018 and 29 November 2018, Jason Michael John Edwards (hereinafter referred to as Mr Edwards) caused M J Edwards & Son Ltd (hereinafter referred to M J Edwards) to enter into transactions to the detriment of HM Revenue and Customs (hereinafter referred to as HMRC) by paying monies to himself or immediate family members in that: By 3 September 2018 MJ Edwards owed HMRC 169,623.90 in respect of PAYE and CIS and had made no payment towards this liability since 4 October 2017. 9,045.92 was due in respect of VAT. MJ Edwards had no known assets which would have enabled it to pay its debts in full and Mr Edwards knew or should have known that the company was insolvent. 7 payments totalling 29,750.79 were made to family members between 3 September 2018 and 29 November 2018; These transactions refunded family members for payments made from their personal funds in respect of business invoices from a trade supplier in November and December 2017 and June 2018, which M J Edwards had been unable to pay from company funds at a time when HMRC were owed at least 122,662.95. Between at least 1 November 2017 and 29 November 2018 Mr Edwards caused M J Edward to trade to the detriment of HMRC in that: HMRC have provided ledgers showing M J Edwards submitted RTI returns in respect of PAYE and CIS liabilities for the years 2013/2014, 2014/2015, 2015/2016, 2016/2017 and 2017/2018 and as such Mr Edwards was aware of the building liability. In respect of PAYE, returns totalling 100,304.96 were submitted. 14,706.00 was reclaimed in Employment Support Allowance and 2,066.61 accrued in interest due. In respect of CIS, returns totalling 153,199.75 were submitted and a total of 14,182.61 was incurred in penalties and interest. Payments totalling 76,243.97 were made throughout the period, leaving a total of 178,803.96 outstanding at 29 November 2018 according to HMRC ledgers. The liability to HMRC is based on returns and therefore Mr Edwards should have been aware of the building liability for each period but at no time were the payments made sufficient to clear the outstanding balance. Comparative treatment A review of company bank statements for the period 1 November 2017 to 29 November 2018 shows that only one payment of 2,950.18 was made to HMRC in the period, while other creditors were paid regularly. HMRC were the majority creditor at liquidation. 

This information is correct as at 28 / 7 / 2021

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