Case details for UTTAM BASNET



Date of Birth: 10 / 9 / 1971

Date Order Starts: 25 / 1 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 06404058

Last Known Address: 72 Charlton Park Lane, , , , LONDON, SE7 8QR

Conduct: Mr Uttam Basnet (“Mr Basnet”) failed to ensure that Kasika Limited T/A Kathmandu Valley (“Kasika”) submitted accurate Value Added Tax (VAT) and Corporation Tax (CT) returns to HM Revenue and Customs (HMRC), resulting in a liability to HMRC of £139,086.38. In that:- VAT ? Kasika did not submit all its VAT returns accurately as a result of under declaring its sales. ? Following an enquiry by HMRC, Kasika’s VAT returns for the periods ending 12/11 to 03/17 (a period of 5 years and 6 months) were found to be incorrect, resulting in HMRC issuing officer assessments totalling £128,272.78 (inclusive of interest) for the deliberate under declaration of sales. CT Following the enquiry by HMRC, HMRC raised assessments totalling £10,813.60 for the periods ending 30 September 2012 and 30 September 2013 for the deliberate under declaration of CT by Kasika. 

This information is correct as at 4 / 1 / 2019

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