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Yacht broker gets three years for fraud

23 Mar 2012
Mr Williams was arrested by HMRC officials on 16 July 2009 – photo: HMRC

Mr Williams was arrested by HMRC officials on 16 July 2009 – photo: HMRC

FRAUD: James Williams, a director of yacht brokers Fairline Dorset Limited, has been jailed for three years for a £210,000 VAT fraud on the £1.4m sale of six powerboats.

Mr Williams was found guilty on six counts of cheating the public revenue and one count of false accounting after charging VAT on six boats that had been supplied VAT free for export to the Channel Islands.

Mr Williams used the £210,000 proceeds to send his children to private school and renovate a 44ft yacht Siri. He was arrested on 16 July 2009 after what HMRC said was "blatant attack on the tax system".

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Mr Williams was arrested by HMRC officials on 16 July 2009 – photo: HMRC

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