Yacht firm director admits €380k Vat avoidance

The director of a yacht company yesterday admitted in court that he underdeclared €379,440 in Vat and asked for sentencing to be adjourned to give him time to sell his home to make restitution.

Hugh Mockler, of Windward, Fennell’s Bay, Myrtleville, Co Cork, was arraigned on the opening day of the county sessions of Cork Circuit Criminal Court.

He confirmed his written pleas of guilty to the crimes.