Case details for THUC TRING TRANG

Name: THUC TRING TRANG

Name: Yanwoo (Ryde) Limited

Date of Birth: 2 / 4 / 1966

Date Order Starts: 19 / 3 / 2019

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 05209407

Last Known Address: 22, Victoria Road South, , , Southsea, PO5 2BT

Conduct: Between at least 31 December 2011 and 7 January 2015 Thuc Tring Tang (“Ms Tang”) caused inaccurate statutory returns to be submitted to HMRC on behalf of Yanwoo (Ryde) Ltd by the deliberate suppression of sales income. In that:

  • Between 22 March 2013 and 14 March 2015 HMRC made a number of visits to the company, both unannounced and covertly, when the procedures for recording cash takings were tested. As a result of their investigation, HMRC determined that the company had failed to record sufficient cash sales and had therefore under-declared the VAT due to HMRC.
  • HMRC assessed VAT liabilities of £17,311.00 covering the VAT periods ending November 2011 to November 2014, due by 7 January 2015.
  • As a consequence of the supressed sales income HMRC determined that Corporation Tax returns between the years ending 31 December 2010, due for submission by 31 December 2011, and 31 December 2013 were understated and calculated that there were additional profits of £104,615.00 which equated to a further £21,549.10 of Corporation Tax due.
  • HMRC imposed penalties totalling £12,938.25 on her personally due to the deliberate inaccuracies in understating the outputs declared on the VAT returns of YanWoo (Ryde) Ltd.
  • HMRC imposed further penalties of £56,917.73 on her personally due to deliberate inaccuracies on the Corporation Tax returns of YanWoo (Ryde) Ltd and S455 liabilities.
  • HMRC lodged a claim in the liquidation of £225,210.33. 

    This information is correct as at 31 / 7 / 2019



    If you believe this page contains any errors, please email civil.proceedings.team@insolvency.gov.uk with details of the error that you have found.

  •