Case details for MANJIT KAUR SANGHA

Name: MANJIT KAUR SANGHA

Name: MKS DIGITAL CONSULTANCY LTD

Date of Birth: 13 / 12 / 1973

Date Order Starts: 1 / 11 / 2023

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 11689743

Last Known Address: Oaklands, Wigmore Lane, Halfway House, , , SHREWSBURY, SY5 9DZ

Conduct: Between 5 April 2019 and Liquidation Manjit Kaur Sangha (“Ms Sangha”) withdrew funds totalling £152,833 from MKS Digital Consultancy Ltd (“MKS”) which was to the risk and ultimate detriment of HMRC. In that: PAYE/NIC For Tax year 2018/19 MKS submitted RTI tax returns and £4,076 remains outstanding. For Tax year 2019/20 MKS submitted RTI tax returns for month 1 to 2 and 7 to 12 of £29,037, a credit for employers’ allowance of £3,000 was applied and a total of £26,037 outstanding. For Tax year 2020/21 MKS submitted RTI tax returns of £16,817, a credit for employers’ allowance of £4,000 was applied, a total of £12,817 outstanding. For Tax year 2021/22 month 1 to 6, MKS submitted RTI tax returns of £7,634, a credit for employers’ allowance of £2,426 was applied, a total of £5,208 outstanding. A payment of £868 was made towards the PAYE/NIC. No further payments were made. The outstanding liability for PAYE and NIC for Tax year 2018/19, 2019/20, 2020/21 and 2021/22 totals £47,271. Corporation Tax MKS submitted a Corporation Tax return for accounting period ending 20 November 2019 of £17,750, due for payment on 21 August 2020 and remained outstanding. MKS incurred a penalty for period ending 20 November 2019 of £100 and 2 penalties for period ending 30 April 2021 of £100 each, totalling £300. VAT MKS registered for VAT from 21 November 2018. MKS failed to submit any VAT returns from the period ending 28 February 2019 until the winding up order was made on 26 October 2022. MKS final deposit into the company bank account was in April 2020, the deposits from May 2020 were from claims made to the Covid Job Retention Scheme for an associated employee until September 2021. HMRC raised assessments for quarter period ending 28 February 2019 to 29 February 2020 totalling £4,623. No payments were made towards the VAT owed. Comparable treatment Bank statements show during the period 05 April 2019 to 27 September 2021 £264,934 was deposited into the company bank accounts. A breakdown of the funds: from 05 April 2019 to 24 April 2020 £171,363 was received from clients; From 13 May 2020 to 27 September 2021 £43,571 was received from the Covid Job Retention Scheme; On 10 December 2020 £50,000 was received from the Bounce Back Loan (“BBL”) Scheme application. Bank statements show during the period 05 April 2019 to 26 October 2022 £215,103 was paid out of MKS bank account of which at least £152,833 was for the benefit of Ms Sangha, £52,845 was paid to an associate employee, £5,359 in trade expenditure and £3,846 employee pension payments. No payments were made towards HMRC. At liquidation the debt owed to HMRC was £125,527 whilst the liability to other creditors totals £50,048, of which this related to the BBL. 

This information is correct as at 11 / 10 / 2023



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