Hundreds of taxpayers will be left out of pocket as tax repayment firm Brooksdale appoints liquidators
The Manchester based company held a meeting with creditors last week and has appointed Fortis Insolvency partner and insolvency practitioner Daniel Taylor.
Creditors have been told that they must submit claims to Fortis.
Brooksdale was set up in 2019 and has nine staff, headed up by sole director, Zeeshan Chaudary. A second director, Mohammed Yusuf Buksh, resigned last October, 18 months after he was appointed.
The company failed to file accounts for year end March 2023, which were due on 31 December. The FY22 micro business accounts showed capital and reserves of £539,335, up from a loss of £22,313 the previous year, with £1.28m in assets in FY22, up from £709,187 in FY21.
The agency offers a tax rebate service to taxpayers, something which is available totally free of charge from HMRC by completing a simple form online. Instead, customers of Brooksdale are charged fees equivalent to up to 48% of the tax refund amount.
There are widespread reports that taxpayers have received letters from HMRC confirming that they have been paid a tax refund, but the payment has been sent to Brooksdale. When questioned about why they had not been sent the refund directly, HMRC said the taxpayers ‘had authorised Brooksdale to deal with it’.
Despite the financial position, Brooksdale has not informed clients about the threat of imminent liquidation. There is no notice on their website about the risks of making a claim.
HMRC has claimed that it is cracking down on tax rebate companies but there are still hosts of companies making money out of taxpayers.
Chaudary is also sole director of a children’s care home, Accord Care Homes in Manchester, according to Companies House.
Last October another tax rebate firm, Apostle Accounting collapsed.
Further information for Brooksdale creditors is available from Fortis Insolvency, Didsbury M20 6RE. Email: [email protected]