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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.
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.