Payback Time For Dorset Yacht Broker
9:04am 13th September 2012
(Updated 9:48am 13th September 2012)
A Yacht Broker from Dorchester has been ordered to re-pay nearly £200,000 or go to jail.
James Maxwell Williams from Litton Cheney charged VAT on six luxury sail boats worth 1.6 million BUT failed to pay the money to HM Revenue and Customs.
If he doesn't pay the amount he could spend another 30 months behind bars.
Williams was found guilty of 6 counts of cheating public revenue and no longer trades as a yacht broker.
James Maxwell Williams, a self-employed landscape gardener and previously a director of Fairline Dorset Limited, was jailed in March for three years and disqualified from being a company director for five years. He was found guilty on six counts of cheating the public revenue.
The fraud amounted to £237,701.90, based on the total VAT inclusive price for the motor cruisers of £1.6 million.
Richard Meadows, Assistant Director for Criminal Investigation, HM Revenue & Customs (HMRC) said:
“We are determined to bring criminals like Williams before the courts; not only to see them sentenced, but also to remove the proceeds of their crimes. Anyone with information about cigarette smuggling should contact the Customs Hotline on 0800 59 5000 or email email@example.com.”