MR DARREN KENNETH LEE

Disqualified from

2021-07-28

Date of birth on record

December 1967

Darren Lee Hoare (“Mr Hoare”) caused T.I.P.C.I. Limited (“TIPCI”) to trade to the detriment of HM Revenue and Customs (“HMRC”) from 08 July 2016 (when the VAT liabilities for the VAT period ended 05/16 fell overdue for payment), from 23 March 2017 (when the PAYE/NIC liabilities for tax month ended 05 March 2017 fell overdue for payment) and from 02 June 2016 (when Corporation Tax for the period ended 31 August 2015 fell overdue for payment) until TIPCI ceased trading in January 2019; VAT • TIPCI submitted twelve VAT periods for VAT periods ended 05/16, 06/16, 07/16, 08/16, 09/16, 10/16, 11/16, 12/16, 01/17, 02/17, 05/17 and 08/17 disclosing VAT liabilities totalling £86,380. Surcharges of £8,735 were applied by HMRC; • HMRC raised assessments for VAT quarters ended 11/17, 02/18, 05/18, 08/18 and 11/18 totalling £67,063 and applied surcharges to these periods totalling £10,015; • TIPCI made payments totalling £72,171 between 26 July 2016 and 19 September 2017, of which £45,091 was allocated to earlier periods and £27,080 was allocated against VAT periods 05/16, 07/16, 08/16, 11/16 and 12/16; • The oldest VAT liability at liquidation was for the VAT period ended 05/16 which fell overdue to HMRC on 08 July 2016; • At liquidation, TIPCI’s VAT and surcharge liabilities totalled £174,394 of which £145,157 fell due for payment to HMRC prior to cessation of business; PAYE/NIC • TIPCI submitted monthly PAYE/NIC returns to HMRC from the tax month ended 05 March 2017 to the tax month ended 05 January 2019 disclosing PAYE/NIC liabilities totalling £18,056 due to HMRC; • Between 05 March 2017 and 05 January 2019, TIPCI made payments totalling £1,472 of which £210 was allocated to period ended 05 March 2017 and £1,262 were allocated against older PAYE/NIC periods. TIPCI also claimed employment allowances totalling £5,574; • At liquidation, TIPCI’s PAYE/NIC liabilities and surcharges totalled £21,161 of which £12,272 fell due for payment to HMRC prior to cessation of business; Corporation Tax (“CT”) • TIPCI prepared financial year end accounts and submitted CT Returns to HMRC for the financial periods ending 31 August 2015, 31 August 2016, and 31 December 2016 which disclosed CT liabilities of £7,719, £10,000 and £4,000 respectively, resulting in total CT liabilities of £21,719. • Penalties totalling £4,200 were raised by HMRC; • Between 01 September 2014 to 31 August 2015, TIPCI made payments totalling £7,000 against its CT liability for the financial year ending 31 August 2015. TIPCI made no further payments to HMRC in respect of CT; • At liquidation, TIPCI’s outstanding CT liabilities totalled £18,919; Differential Treatment • At the date of liquidation, the total amount owed to creditors is £178,369 of which £177,571 (which includes interest and penalties) is owed to HMRC. This is broken down into £145,157 in respect of VAT, £12,272 in respect of PAYE/NIC, £18,919 in respect of CT and £1,223 in respect of interest. • Analysis of TIPCI’s bank statements show that from 23 March 2017 until 31 January 2019 (cessation of business), payments of £776,189 were made to various recipients of which only £32,574 were paid to HMRC. At liquidation, only £298 remained outstanding to Trade & Expense Creditors.