Ship renovator jailed following £1.7m VAT fraud

Ship renovator jailed following £1.7m VAT fraud

Southampton ship renovator continued to submit VAT repayment claims years after his company ceased trading

A SOUTHAMPTON BUSINESSMAN has been jailed for five and a half years after he stole more than £1.7m of taxpayers’ money to prop up his failing businesses and maintain a lavish lifestyle.

Christopher Rogers (50) was arrested by HMRC in September 2013 after an investigation into his tax affairs revealed that despite his company – which refurbished ships for some of the world’s largest cruise lines – ceasing to trade in 2010, he continued to submit VAT repayment claims totalling £1,639,368.

Investigators found that despite taking an annual salary of more than £125,000 during the company’s legitimate trading years, Rogers had not paid any income tax since 2008 and owed HMRC more than £63,000.

HMRC’s financial investigators also discovered that Rogers had enjoyed an opulent lifestyle during the period of the fraud; he rented homes in some of Southampton’s most sought after areas, drove a Mercedes 4×4, owned a selection of expensive watches and a large wine collection – and even bought himself a yacht.

HMRC criminal investigation assistant director John Cooper said: “Rogers admitted to lying on his VAT returns and to making false repayment claims. He used the cash to prop up his other failing businesses and contributed nothing to the public purse for years; shamelessly expecting taxpayers to fund a lifestyle that most people can only dream of. I hope this case sends out a clear message – crime does not pay; he will now have time to reflect on his actions, behind bars.”

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article