30 Sep '16, 4pm

Ebay trader who dodged tax on Rolex, Cartier and Breitling watches is jailed - read it at

Ebay trader who dodged tax on Rolex, Cartier and Breitling watches is jailed - read it at

A fraudster from the Louth area has been jailed for three years for dodging £1.25 million in tax on expensive items of jewellery like Rolex, Cartiers and Breitling watches. Darren Reay, 46, of Grimoldby, near Louth, was sentenced for falsifying import paperwork to show the Rolex, Cartiers and Breitlings watches as being worth as little as $50, rather than the thousands they are actually worth. He admitted wrongly describing watches as low-value 'precision instruments' – enabling him to pay import VAT of just £7,805 during a four-year fraud uncovered by HM Revenue and Customs (HMRC). Reay, who traded online via Ebay as Darren Reay Watches and also from Wight's Watches in Cowes, Isle of Wight, used the money to fund a lavish lifestyle of luxury properties, cars and designer watches. More: Landlord fined £5,600 for fly-tipped rubbish dumped on the A46 Colin Spinks, Assistant ...

Full article: http://www.grimsbytelegraph.co.uk/fraudster-jailed-for-th...

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