A Mansfield snooker club owner who carried on trading illegally despite owing thousands for a tax bond, has been sentenced.
Christopher Walker, 51, of Layton Avenue - who runs Botany Avenue-based Rotel Leisure Limited – ignored two notices to pay £57,316 as a VAT security to HM Revenue and Customs (HMRC) for his company.
HMRC can require companies to pay a security, or deposit, where there is a serious risk tax will not be paid. It is a criminal offence to continue trading in taxable goods without paying the security.
Tax records showed the company continued trading after receiving and ignoring demands to pay the security.
Walker originally refused to cooperate with HMRC, but has since organised the payment of VAT debt via a business loan.
Walker admitted the offence at Mansfield Magistrates Court on November 22, and was ordered to pay £815 in fines.
The judge stated an early guilty plea and organisation of VAT balance payment was taken into consideration.