Yacht broker jailed for failing to pay tax

A Dorset yacht broker has been jailed for 3 years after he failed to pay HMRC £210,000. James Williams was failed to pay the tax office VAT on the sale of 6 luxury boats.

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HMRC pleased by prosecution

HMRC have released a statement after successfully prosecuting a Dorset yacht broker for VAT fraud. James Williams was sentenced to three years imprisonment for false accounting and cheating the public revenue.

Williams used his position as director of a yacht brokers to commit VAT fraud. He sold boats which had previously been supplied VAT-free for export to the Channel Islands, but failed to account for the VAT on their subsequent sale in the UK. This blatant attack on the tax system not only robbed the Exchequer of public funds, but is also unfair to those businesses that diligently abide by the rules. Tackling VAT fraud is a priority for us and we will not hesitate to pursue those who commit this type of offence.

– John Cooper, HMRC Assistant Director Criminal Investigation

Yacht broker jailed for not paying VAT

James Williams with HMRC inspectors Credit: HMRC

A dorset yacht broker who charged £210,000 VAT on the sale of 6 luxury boats but failed to pay HMRC has been jailed for 3 years.

James Williams, 51, was found guilty on false accounting and cheating the public revenue.

Officers say he used the money to fund a luxury lifestyle and to renovate a luxury 44 foot yacht called 'Siri'.

The boat has since been sold has the tax inspectors try to reclaim the missing VAT.

Siri Credit: HMRC


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