Case details for Patcharin Phungsuntorn

Name: Patcharin Phungsuntorn

Name: T & S 2556 LTD

Date of Birth: 1 / 8 / 1971

Date Order Starts: 10 / 7 / 2019

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08736771

Last Known Address: 26 ANDREWS WAY, , , , SALISBURY, SP2 8QR

Conduct: That between 01/04/14 and at least 31/03/16 Patcharin Phungsuntorn (“Ms Phungsuntorn”) caused or allowed T & S 2556 Limited (“T & S”) to fail to disclose all its sales income and wage payments to HM Revenue & Customs (“HMRC”) resulting in the under-declaration and under-payment of Value Added Tax (“VAT”) and PAYE/NIC which HMRC assess as totalling at least £55,956 in that:

  • Mrs Phungsuntorn was a director of T & S from 17/10/13 to 31/03/16
  • T & S registered for VAT from 01/04/14 and de-registered on 28/09/18
  • Between 07/08/14 and 31/03/16, VAT returns were submitted for the VAT quarters 06/14 to 12/15 declaring gross sales of £205,028 and VAT payable of £10,340, which was paid in full.
  • According to HMRC, in the period 01/04/14 to 31/03/16, T & S under-declared its gross sales by £314,637
  • On 10/01/19 an Officer’s Assessment was raised in the sum of £129,222 of which £52,435 relates to the VAT quarters 06/14 to 12/15. This remains unpaid
  • On 26/02/19, HMRC issued Notices detailing additional amounts of PAYE/NIC totalling £3,521 due on under-declared wage payments in the tax years 2014/15 to 2015/16 which remain unpaid
  • HMRC have deemed that the under-declared sales, net of additional goods and wages allowed are loans/advances to the director(s) and have re-written the directors’ loan account for the period 01/04/14 to 31/05/16 resulting in a debt due to T & S by the director(s) of £130,038 as at 31/05/15 and £250,437 as at 31/05/16
  • HMRC has submitted a claim for £521,872 comprising VAT of £140,276, Corporation Tax of £169,767, PAYE of £13,631, interest of £15,083 and penalties of £183,115 Period 

    This information is correct as at 2 / 8 / 2019


    Name: Preecha Vutisomboon

    Name: T & S 2556 LTD

    Date of Birth: 10 / 3 / 1975

    Date Order Starts: 10 / 7 / 2019

    Disqualification Length: 7 Years 0 Month(s)

    CRO Number: 08736771

    Last Known Address: 26 ANDREWS WAY, , , , SALISBURY, SP2 8QR

    Conduct: That between 01/04/14 and 28/09/18, Preecha Vutisomboon (“Mr Vutisomboon”) caused T & S 2556 Limited (“T & S”) to fail to disclose all its sales income and wage payments to HM Revenue & Customs (“HMRC”) resulting in the under-declaration and under-payment of Value Added Tax (“VAT”), Corporation Tax and PAYE/NIC which HMRC assess as totalling £323,615 on which penalties of £183,115 and interest of £15,083 were charged in that:

  • Mr Vutisomboon was a director of T & S from 17/10/13
  • T & S registered for VAT from 01/04/14 and de-registered on 28/09/18
  • Between 07/08/14 and 08/05/18, VAT returns were submitted for the VAT quarters 06/14 to 03/18 declaring gross sales of £481,024 and VAT payable of £24,563, which was paid in full.
  • No further VAT returns were submitted to HMRC and an assessment of £1,198 was issued for the VAT quarter 06/18 which was paid in full
  • According to HMRC, T & S under-declared its gross sales for the period 01/04/14 to 31/03/18 by £714,480 resulting in an Officer’s Assessment in the sum of £129,222 plus interest being raised on 10/01/19 in respect of the VAT quarters 06/14 to 06/18 which remains unpaid
  • With a further assessment for the final period of trading to 28/09/18, £140,276 plus interest of £6,973 is owed to HMRC in respect of VAT for the period 01/04/14 to 28/09/18
  • VAT penalties totalling £76,459 were also imposed on T & S which remain unpaid
  • Between 31/05/16 and 21/12/17 Corporation Tax returns were submitted to HMRC detailing Corporation Tax liabilities totalling £237 for the accounting periods 01/04/14 to 31/05/17 which were paid in full
  • On 10/01/19, HMRC issued Corporation Tax Discovery Assessments detailing additional amounts of Corporation Tax totalling £169,767 due for the accounting periods 01/04/14 to 31/05/17 comprising £60,896 on additional profits, £109,108 on a directors’ loan account less £237 paid.
  • With interest of £8,110, £177,877 is owed to HMRC in respect of Corporation Tax for the period 01/04/14 to 31/05/17
  • Corporation Tax penalties totalling £95,159 have also been imposed on T & S which remain unpaid
  • On 26/02/19, HMRC issued Notices detailing additional amounts of PAYE/NIC totalling £13,572 due on under-declared wage payments in the tax years 2014/15 to 2018/19 which remain unpaid
  • PAYE penalties totalling £11,197 have also been imposed on T & S which remain unpaid
  • HMRC have deemed that the under-declared sales, net of additional goods and wages allowed are loans/advances to the director(s) and have re-written the directors’ loan account for the period 01/04/14 to 31/05/18 resulting in a debt due to T & S by the director(s) of £526,638 at liquidation
  • HMRC has submitted a claim for £521,872 comprising VAT of £140,276, Corporation Tax of £169,767, PAYE of £13,631, interest of £15,083 and penalties of £183,115. Period 

    This information is correct as at 2 / 8 / 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.

  •