Case details for CHAND SONI



Date of Birth: 9 / 8 / 1977

Date Order Starts: 8 / 10 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 08541524

Last Known Address: 24 KENDAL AVENUE, , , , EPPING, CM16 4PR

Conduct: Chand Soni (“Mr Soni”) failed to ensure that RNS Consulting Services Ltd (“RNS”) made payments when due to HM Revenue & Customs (“HMRC”) and caused RNS to trade to the detriment of HMRC from April 2015, resulting in a liability of at least £403,419.62 to HMRC at the date of the liquidation in that:

  • VAT liabilities totalling £49,127.69 are outstanding for 8 VAT quarters from 02/15 to 11/16, plus surcharges of £10,836.46, and interest of £3,773.40. In addition, on 22 June 2016, as a result of failure to provide copies of tax records, an additional officer’s assessment was raised for the sum of £131,254.00 for under-declared tax for the periods 11/13, and 05/15 to 02/16. In total, £194,452.01 is owing to HMRC in respect of VAT.
  • HMRC information shows that Pay As You Earn tax (“PAYE”) and National Insurance Contributions (“NIC”) liabilities totalling £214,109.54 are outstanding for the tax years 2014/2015 and 2015/2016 and 2016/2017 along with PAYE penalties of £1,000.00 and interest of £170.64, a total of £215,280.18;
  • At Liquidation, HMRC was RNS’ majority creditor, with debts totalling at least £403,419.62 as per their claim, this includes corporation tax of £2,843.20. The only other creditor was Mr Soni who has stated that he is owed £220,000 comprising £70,000 monies introduced to the company to start trading at £150,000 of unpaid salary, however no evidence to verify the sum claimed has been provided.
  • Payments from the bank account from 01 October 2015 to 05 April 2016, when the account was closed total £2,099,969.67, comprising payments to the franchisor of £905,085.71, payments for trade and expense of £897,117.63, cash withdrawals of £4,321.95, payments for wages of £171,908.43, interest fees and charges of £26.89, payments to a commercial credit card of £5,249.57 and unknown payments of £72,874.60. In the same period, he received £10,482.56 and an associate received £10,200.00. In comparison, HMRC received payments of £21,083.94. 

    This information is correct as at 23 / 11 / 2018

    If you believe this page contains any errors, please email with details of the error that you have found.