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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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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