Fraudster to repay £900K or face more jail time
A Leicestershire plant machinery salesman, who was jailed for tax fraud after he lied about his business’ sales, has been ordered to repay nearly £1m or face a further seven years behind bars
8 Feb 2019
Raymond Weaver, from Ashby-de-la-Zouch, was jailed for 30 months in March 2017 after he failed to declare sales of diggers, excavators and bulldozers to HMRC, which meant he was able to pocket VAT received from his customers.
Weaver has now been ordered to repay £990,000 within three months and faces selling his assets which include a £1.2m home, a villa in Portugal and a collection of cars.
Diccon Wood, assistant director, fraud investigation service, HMRC, said: ‘Weaver made a deliberate decision to not disclose his sales in an attempt to avoid his tax obligations and keep the cash. His crimes put him behind bars and now he’ll repay what he stole or spend even more time in prison, and still have to pay the money back.
‘Our actions don’t stop once someone is convicted, we will look to reclaim the stolen money.’
Following his arrest in December 2012, Weaver acknowledged to investigators there was ‘something wrong’ with his paperwork, but denied any wrongdoing. In a bid to avoid paying income tax in the UK, Weaver had earlier told HMRC that he resided in Portugal. However, enquiries with the Portuguese authorities revealed he paid no tax there, claiming his main residence was in fact Dubai.
Weaver admitted the fraudulent evasion of VAT at Leicester Crown Court in February 2017 and was sentenced to 30 months in prison. The same court has now, ordered him to repay the money by April or serve more time in prison and still owe the money.
Report by Pat Sweet