MR Neil ROGERS

Disqualified from

2022-08-23

Date of birth on record

March 1985

Neil Rogers (“Mr Rogers”) failed to ensure that PN Plumbing Ltd (“PNP”) met its statutory obligations to HM Revenue and Customs (“HMRC”) by failing to register PNP for VAT when PNP’s turnover had exceeded the VAT threshold and failing to remit VAT due to HMRC from 01 November 2016 until cessation of trade in July 2019, as a result of which HMRC has raised an assessment against PNP for £29,070 in respect of VAT that remains unpaid in the liquidation. A company is required to register for VAT with HMRC when its turnover exceeds a specified amount (“the VAT threshold”) PNP’s accountants informed PNP, in an email sent on 21 September 2016, that PNP’s turnover was approaching the VAT threshold and that PNP ought to consider registering for VAT In the tax year 2016/2017 the VAT threshold was £83,000, in the tax years 2017/2018, 2018/2019 and 2019/2020 the VAT threshold was £85,000 Accounts for year end 30 November 2016, which were signed off on 30 August 2017, state that PNP’s annual turnover for that period was £105,783 Accounts for year end 30 November 2017, which were signed off on 31 August 2018 state that PNP’s annual turnover for that period was £145,084 Accounts for year end 30 November 2018, which were signed off on 24 September 2019, state that PNP’s annual turnover for that period was £142,012 Bank statements for PNP’s account with Barclays Bank show that between 01 December 2018 and 31 July 2019 (by which time PNP had ceased trading) PNP received funds totalling £88,694 HMRC have calculated that PNP ought to have been VAT registered from 01 November 2016 and have raised an assessment in respect of VAT that PNP ought to have remitted between that date and cessation of trade in July 2019 totalling £29,070 Comparative treatment: Bank statements for the period from 16 October 2017 to 08 November 2019 for PNP’s account with Barclays have been provided to the Insolvency Service, these show that in that period: PNP has received £257,429 (of which £624 arises from banking loyalty initiatives, subsequently refunded payments and amounts related to subsequently dishonoured payments) PNP has made payments totalling £260,281 (including £549 which was either subsequently dishonoured or refunded) of which: £157,144 appears to have been paid out to trade creditors or in respect of other trading overheads £45,413 was paid to Mr Shackleton £43,213 was paid to Mr Rogers £11,248 was paid to vehicle financing companies £1,863 was paid to HMRC (of which nil was in respect of VAT liabilities) £958 was paid to the bank in respect of banking charges £442 was withdrawn in cash The proof of debt form submitted by the trade creditor shows that liabilities due to that creditor only started to accrue in May 2019, whereas the VAT liability started to accrue in November 2016