Luxury Yacht Broker Jailed Over VAT Fraud

ByNick Bonnaud

Luxury Yacht Broker Jailed Over VAT Fraud

A yacht broker based in Dorset has been jailed for failing to pay VAT on the sale of 6 luxury yachts worth £210,000. HRMC VAT officers became suspicious when it was found that the broker had received around £32,500 in VAT reclaims and charged and collected VAT from UK customers without declaring output tax to HMRC.

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