MISS STACEY WALSH

Disqualified from

2026-05-01

Date of birth on record

March 1994

Miss Stacey Walsh (“Miss Walsh”) caused Gaughan Services Ltd (“Gaughan”) to trade to the detriment of HM Revenue and Customs (“HMRC”) in respect of Pay As You Earn, National Insurance Contributions, Student Loan Deductions (“PAYE”) and the Construction Industry Scheme (“CIS”) from 22 July 2019 to at least 31 July 2023 (“PAYE period”) and in respect of Value Added Tax (“VAT”) from 9 October 2019 to at least 31 July 2023 (“VAT period”). As a result during the PAYE period liabilities increased by £623,373 and during the VAT period liabilities increased by £1,172,416. PAYE/CIS: • PAYE ledgers show that prior to the PAYE period Gaughan submitted RTI and CIS returns with a combined liability of £113,248, with a further £5,170 added in respect of penalties/interest. Gaughan’s PAYE/CIS liability was reduced by employment allowance totalling £10,219 and payments made to HMRC in respect of its PAYE/CIS liability totalling £58,614. As a result, Gaughan’s PAYE/CIS liability at the start of the PAYE period totalled £49,585. • During the PAYE period, Gaughan submitted PAYE returns for the months ended 30 June 2019 to 31 May 2023 with a combined liability of £393,546. • During the PAYE period, Gaughan submitted CIS returns for the months ended 28 February 2021 to 31 May 2023 with a combined liability of £570,482. • During the PAYE period a further sum of £16,971 was added to HMRC’s claim in respect of interest/penalties and further charges. • During the PAYE period Gaughan’s PAYE/CIS liability was reduced by £18,549 as a result of employment allowance. • During the PAYE period payments made by Gaughan in respect of PAYE/CIS liabilities totalled £322,106. • During the PAYE period Gaughan’s PAYE/CIS liability increased by £623,373 and as a result Gaughan’s PAYE/CIS liability at the cessation of trade including penalties and interest totalled £689,929. VAT: • Gaughan’s effective VAT registration date was 13 May 2016. • VAT ledgers show that prior to the VAT period Gaughan submitted VAT returns with a combined liability of £41,378 and made payments to HMRC in respect of VAT totalling £37,896 and as a result Gaughan’s VAT liability at the start of the VAT period totalled £3,482. • During the VAT period Gaughan submitted VAT returns for the VAT periods December 2018 (submitted on 09 October 2019) to August 2022 (submitted 07 October 2022) with a combined liability of £753,238. • During the VAT period HMRC raised assessments for the VAT periods November 2022 to May 2023 with a combined liability of £367,874 and raised an officer assessment dated 01 December 2021 totalling £72,506. • During the VAT period interest and penalties totalled £2,317. • During the VAT period payments made by Gaughan in respect of VAT liabilities totalled £21,202. • During the VAT period Gaughan’s VAT liability increased by £1,172,416 and as a result Gaughan’s VAT liability at the cessation of trade including penalties and interest totalled £1,178,215. Comparative Treatment: • Accounts for the year ended 31 May 2019 recorded creditors of Gaughan totalling £170,641, of this total HMRC liabilities accounted for £93,879 and other creditors accounted for £76,762. • Accounts for the year ended 31 May 2020 recorded creditors of Gaughan totalling £246,814, of this total HMRC liabilities accounted for £240,619 and other creditors accounted for £6,195. • As of 31 July 2023, Gaughan’s Xero ledgers recorded total creditors of £1,640,761, of this HMRC liabilities accounted for £1,405,372, trade creditors accounted for £141,025, other creditors accounted for £90,171 and pension liabilities accounted for £4,194. • Accounts for the year ended 31 May 2020 recorded money owed by Gaughan to an associated individual totalling £5,955, whilst the Xero ledgers dated 31 July 2023 recorded a loan owed to Gaughan by an associated individual totalling £417,851, an increase of £423,806. • At the cessation of trade on 31 July 2023, HMRC documents confirm a PAYE liability totalling £689,929 and a VAT liability totalling £1,178,215. • Between 04 January 2021 and 31 July 2023 receipts in Gaughan’s bank accounts totalled £8,203,173. • Between 04 January 2021 and 31 July 2023 payments out of Gaughan's bank account totalled £8,738,360.