A fraudster from Ashby has been told he faces an extra 7 years behind bars if he fails to pay back almost a £1m of his ill-gotten gains.
Raymond John Weaver is serving two and a half years for failing to declare sales of diggers and bulldozers so he could pocket the VAT for himself.
The 70 year old businessman, of Measham Road, has been given three months to repay 900 thousand pounds.
He will now face 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. If you know of anyone who is committing tax fraud you can report them to HMRC online, or call our Fraud Hotline on 0800 788 887.”
Following his arrest in December 2012, the conman acknowledged there was ‘something wrong’ with his paperwork, but denied any wrongdoing.
And in a bid to avoid paying Income Tax in the UK, Weaver had earlier told HMRC that he resided in Portugal. But enquiries with the Portuguese authorities revealed he paid no tax there, claiming his main residence was in fact Dubai.
Weaver admitted the fraud in February 2017 and was jailed the following month at Leicester Crown Court. Yesterday, at the same court, he was ordered to repay the money by April or serve more time in prison and still owe the money.