Name: Danylo TKACHUK

Name: Vin-D-Line Limited

Date of Birth: 17 / 9 / 1977

Date Order Starts: 21 / 11 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09077147

Last Known Address: 32 Lansdowne Avenue,, , , , Audenshaw,, M34 5SZ

Conduct: On 2 October 2020, Danylo Tkachuk ("Mr Tkachuk"), on behalf of Vin-D-Line Limited ("VDL") applied for a Government backed Bounce Back Loan ("BBL") in the sum of £50,000. The BBL was paid into VDL's bank account on 8 October 2020. The BBL application records that VDL's turnover for calendar year ended 2019 had been significantly overstated which enabled the maximum loan value in the sum of £50,000 to be obtained. More specifically: • On 2 October 2020, VDL applied to NatWest Bank for a Government backed BBL which was subsequently advanced in the sum of £50,000 on 8 October 2020. The balance of VDL's bank account was £276.65 prior to receipt of the BBL. Turnover • The BBL Scheme allowed businesses established prior to 1 December 2019 to borrow between £2,000 and £50,000 up to a maximum of 25% of a business' turnover for the calendar year ended 31 December 2019. • VDL was incorporated on 9 June 2014 having traded from this time. • The BBL application confirms that the level of annual turnover declared for calendar year 2019 was £270,000. • The sum of £50,000 was subsequently advanced to VDL on 8 October 2020 on this basis. • He confirmed in the BBL application that the loan value was "equal to or less than 25% of annual turnover for 2019". • Analysis of the VDL's bank statements records payments totalling £2,961.02 were received into VDL's bank account during calendar year 2019. Of these receipts, none appear to relate to genuine company income. • VDL also operated a reserve bank account which received interest payments in the sum of £1.19 during calendar year 2019 and no other income. The balance on this account was £648.63 as at the date of the BBL application. • VDL's accounting records therefore confirm that the level of turnover declared in the BBL application was significantly overstated. 

This information is correct as at 31 / 10 / 2022

Name: Vin-D-Line Limited

Date of Birth: 28 / 1 / 1980

Date Order Starts: 24 / 10 / 2022

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 09077147

Last Known Address: 65 Hereward Road,, , , , SPALDING,, PE11 1HG

Conduct: Andris Provejs ("Mr Provejs"), the sole director of VDL on liquidation, failed to ensure that VDL maintained or preserved adequate accounting and administrative records, or alternatively has failed to deliver up all such that did exist. In that: • He was appointed as the director of VDL on 8 January 2021 and from 27 January 2021 remained sole director of VDL from this date up until liquidation. Records delivered up • He provided administrative and accounting records to the Liquidator on liquidation which comprise of limited sales invoices (approximately 100), insurance documents, limited subcontractor monthly CIS statements, bank mandate and signatory documents, copies of identification and signatures, a VAT status certificate and bank statements. • The available sales invoices delivered up to the Liquidator on liquidation record sales totalling £479,476.69 69 between 5 February 2021 and liquidation. • VDL's bank statements record income in the total sum of £2,450,985.01 was received during this period. • CIS returns were filed in respect of Months 11 and 12 of tax year 2020/21 and Months 1-3 of tax year 2021/11, which were all received by HMRC on 7 June 2021. • The level of income as evidenced by the available sales invoices delivered up in the sum of £479,476.69 is not consistent with the level of credits received into its bank account totalling £2,400,824.54 • Payments made to subcontractors recorded in the CIS returns filed totalled £2,623,792.00. In the absence of full accounting records it is not possible to ascertain: • The full and true amounts due to HMRC in relation to all taxations, most particularly in relation to CIS. At liquidation HRMC have claimed £532,800.05 due • Who the company’s customers were, where sales invoices only total £479.476.69 whilst income in the bank account totalled £2,400,824.54 • In the absence of full employee records including time sheets, who the individuals described as employees were and under which contract they were assertedly working • Who benefitted from the company expenditure • Establish the bona fides of the company activities HMRC b) Andris Provejs ("Mr Provejs"), failed to ensure that VDL complied with its obligations to file returns and make payments to HMRC on time and as a result caused VDL to trade to the detriment of HMRC between 5 February 2021 and 4 June 2021. In that: • He purchased VDL from its previous owner with effect from 5 February 2021 • VDL had a turnover of £7,373 in the year to 31 March 2020, had been inactive since that date and had obtained a full Bounce Back Loan of £50,000 in October 2020, which remained in the company bank account on his purchase of the company • Between 5 February 2021 and 4 June 2021 VDL received £2,400,824.54 into its bank account • Between 5 February 2021 and 4 June 2021 VDL made payments totalling £2,450,985.02 from its bank account • VDL made two payments to HRMC on account, in relation to accruing CIS, being £5,168.90 on 12 April 2021 and £5,812 on 11 May 2021 • On 29 April 2021 HMRC wrote to the company requesting an explanation for the “missing workforce” after identifying a substantial mismatch between payments received from contractors (£620,263 from 6 January 2021 to 5 April 2021) and payments out to subcontractors (£38,056 from 6 February 2021 to 5 April 2021) • On 5 May 2021 he telephoned HMRC asserting his “accountant does everything” but declined to provide details of that accountant • On 7 June 2021VDL filed CIS returns in respect of Months 11 and 12 of tax year 2020/21 and Months 1-3 of tax year 2021/11. Payments made to subcontractors recorded in those CIS returns filed totalled £2,623,792.00 • On 21 June 2021 VDL was placed into voluntary liquidation • Construction Industry Scheme liabilities in the sum of £532,800.05 remained outstanding and overdue on liquidation dating back to Month 11 of tax year 2020/21 (and which became overdue due for payment by 22 March 2021). Summary He took over a small company that was not active and caused it to absorb the taxation cost of labour without adequate pricing of jobs to enable any associated tax (CIS) liabilities to be discharged. 

This information is correct as at 4 / 10 / 2022

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