Case details for Mayank Kumar Hasmukhbhai Patel

Name: Mayank Kumar Hasmukhbhai Patel

Name: Imperial Restaurant and Lounge Limited

Date of Birth: 20 / 8 / 1984

Date Order Starts: 10 / 11 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 09535660

Last Known Address: 1 High Tree Close, , , , PURLEY, CR8 2FL

Conduct: Mayank Kumar Hasmukhbai Patel (‘Mr Patel’) failed to ensure that Imperial Restaurant and Lounge Limited (‘Imperial’) submitted accurate returns to HM Revenues & Customs (‘HMRC’); for Value Added Tax (‘VAT’) in respect of the quarters ended September 2015 to December 2015 resulting in under declarations of tax liabilities that remained unpaid at the 15 January 2020, the date of liquidation. In addition, Mr Patel failed to submit VAT returns for the periods from March 2016 through September 2019 in that: • Mr Patel was appointed as director of Imperial on 10 April 2015 and was the sole recorded director from 1 November 2016 until the liquidation on 15 January 2020. Imperial traded as a restaurant as ‘Imperial Restaurant & Lounge Ltd’ until September 2019. • Imperial was registered for VAT from 20 April 2015 and failed to submit fifteen VAT returns for all quarters between period ended March 2016 to September 2019; During this same period Imperial paid HMRC’s central VAT assessments raised in lieu of Imperial’s no VAT returns. • In December 2019 HMRC attended the company premises and home address of Mr Patel and seized business records which showed HMRC’s central assessments were significantly lower than the true liability. • HMRC concluded the VAT had been underdeclared by £480,790. • Consequently, HMRC raised assessments to cover undeclared tax liability of £480,790 and interest of £21,123. for the periods from September 2015 through September 2019. • VAT quarters from March 2016 to June 2019 shows the total paid central assessments amount to £21,435; and during this same period shows a total paid surcharges amount of £2,877, meaning a total of £24,312 was paid against VAT liabilities. Mayank Kumar Hasmukhbai Patel (‘Mr Patel’) caused Imperial Restaurant and Lounge Limited (‘Imperial’) to trade to the detriment of a council in respect of business rates in that: • Mr Patel was appointed as director of Imperial on 10 April 2015 and was the sole recorded director from 1 November 2016 until the liquidation on 15 January 2020. Imperial traded as a restaurant as ‘Imperial Restaurant & Lounge Ltd’ until September 2019. • Between the 1 March 2016 and 30 September 2019 Imperial accrued liability of £92,969.92 in respect of business rates. • This total was accumulated through the following liability periods: 1. 1.3.16-31.3.16 £1,826.86 2. 2016/17 £2,1743.75 3. 2017/18 £25,071.81 4. 2018/19 £29,333.50 5. 1.4.19-30.9.19 £14,994.00 • Company accounts disclose the following turnover from 2016 through 2019. 1. Year ended 31 December 2016: £522,748 2. Year ended 31 December 2017: £753,649 3. Year ended 31 December 2018: £676,780 4. Between 1 January 2019 and 1 November 2019: £559,384 • Notwithstanding Imperial’s turnover no payments were made in respect of business rates liability. • In contrast to the liability owed to Croydon council in respect of business rates, Imperial’s liquidation Statement of Affairs discloses a trade creditor liability of only £19,569.46 and a liability owed to Mr Patel for £10,000, this being a fee paid by him personally in respect for the Creditor’s Voluntary Liquidation fee. 

This information is correct as at 22 / 10 / 2021



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