Case details for Rohit Parmar

Name: Rohit Parmar

Name: DRP VENTURES LIMITED

Date of Birth: 11 / 8 / 1978

Date Order Starts: 26 / 3 / 2020

Disqualification Length: 3 Years 0 Month(s)

CRO Number: 08379711

Last Known Address: 44 Pinner Court, , PINNER, , Middlesex, HA5 5RL

Conduct: Rohit Parmar (“Mr Parmar”) as the sole registered director of DRP Ventures Ltd (“DRPVL”) caused DRPVL to trade to the detriment of HM Revenue and Customs (“HMRC”) from 08 March 2017 (when the VAT liabilities for the VAT quarter ended 01/17 fell overdue for payment) and from 23 June 2017 (when the PAYE/NIC liabilities for the tax month ended 05 June 2017 fell overdue for payment), until DRPVL was placed into liquidation on 12 June 2019. VAT • DRPVL submitted VAT returns to HMRC for eight consecutive VAT quarters ended: 10/16, 01/17, 04/17, 07/17, 10/17, 01/18, 04/18 and 07/18 disclosing VAT liabilities totalling £61,495. No payments were made on submission of the VAT returns. HMRC applied surcharges totalling £19,265 to these periods; • Between 07 December 2016 and 27 March 2018 DRPVL made payments totalling £36,214 to HMRC on account of its VAT liabilities; • HMRC applied payments totalling £28,476 to earlier VAT quarters and £7,738 to the VAT liabilities of £8,614 for the VAT quarter ended 10/16 leaving £876 outstanding at liquidation; • The oldest full amount of VAT liabilities at liquidation was for the VAT quarter ended 01/17 which fell overdue for payment to HMRC on 08 March 2017; • DRPVL failed to submit VAT returns for three consecutive VAT quarters ended 10/18, 01/19 and 04/19, HMRC raised VAT and surcharge assessments totalling £34,637; • At liquidation DRPVL’s VAT and surcharge liabilities totalled £107,659 of which £103,475 fell due for payment to HMRC prior to Liquidation; PAYE/NIC • DRPVL submitted monthly RTI returns to HMRC for the tax years 2017/2018 (£9,659) and 2018/2019 (£9,846) and for the tax month ended 05 May 2019 (£695) disclosing PAYE/NIC liabilities totalling £20,200 due to HMRC; • Between 08 May 2017 and 16 March 2018 DRPVL made payments totalling £127 to HMRC on account of its PAYE/NIC liabilities. HMRC allocated this on account of its PAYE/NIC liabilities to the 2017/2018 tax year. HMRC also applied employment allowance credits totalling £3,000. At liquidation £6,532 remained outstanding; • The oldest monthly liability was for the tax month ended 05 June 2017 of £399 which fell overdue for payment to HMRC on 23 June 2017; • HMRC applied employment allowance credits totalling £3,000 to the tax year 2018/2019 at liquidation £6,846 remained outstanding; • At liquidation DRPVL’s PAYE/NIC liabilities totalled £15,037 of which £13,556 fell due for payment to HMRC prior to liquidation; Differential Treatment • At the date of liquidation, the total amount owed to unsecured creditors is £174,097 of which £122,696 is owed to HMRC in respect of VAT and PAYE/NIC; • DPRVL’s management accounts for the year ended 31 May 2017 show liabilities to trade creditors of £57,066, bank loan of £20,179, liability to him on his director’s loan account of £13,549, VAT of £64,373, PAYE/NIC of £769. By the date of liquidation liabilities to trade creditors decreased by £5,666 from £57,066 to £51,400, the liabilities to the bank and him on his director’s loan account reduced to nil. Whilst over the same period the liabilities to HMRC increased overall by £57,554, from £65,142 to £122,696. 

This information is correct as at 6 / 3 / 2020



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