Takeaway owner who bought Apple and Burberry goods instead of paying tax bill ordered to repay more than £70,000

Takeaway owner who bought goods instead of paying tax bill ordered to repay £70,000 - Credit Connect

A former takeaway owner who withdrew tens of thousands of pounds from his bank account and bought items from Apple and Burberry instead of settling his business’s tax bill has been ordered to pay more than £70,000. Zhang Jin Chen was handed a confiscation order for £62,755 to be paid within three months, along with costs of £8,000, when he appeared at Portsmouth Crown Court. The 52-year-old could face 18 months in prison if he fails to pay back …

Portsmouth Takeaway Owner Ordered to Repay £70,000

A former takeaway owner in Portsmouth has been ordered to repay more than £70,000 after withdrawing large sums of cash and purchasing luxury goods instead of settling significant tax debts. Zhang Jin Chen, 52, was handed a confiscation order totalling £62,755 along with £8,000 in costs when he appeared at Portsmouth Crown Court on 13 February. The court ruled that the money must be paid within three months. If he fails to comply, Chen faces up t…

Takeaway owner who bought Apple and Burberry goods instead of paying tax bill ordered to repay more than £70,000

Former takeaway owner Zhang Jin Chen has been ordered to pay more than £70,000 after withdrawing tens of thousands of pounds in cash and spending money on luxury items The 52-year-old sold his house in October 2020 and withdrew his share of the proceeds before applying for bankruptcy in July 2021 claiming he could not repay his debts, including a substantial VAT bill Chen was handed a suspended sentence in May last year after being found guilty …