A self-employed jeweller and scrap gold dealer from Chesterfield must pay back £57,500 after committing tax fraud.
For 10 years Jonathan Haag, 41, failed to fully declare his profits in his Self Assessment tax returns and understated sales on his VAT returns.
HMRC officers discovered that, between December 2001 and April 2010, Haag lied on his Self Assessment returns, leading to an underpayment of £57,500 in Income Tax and VAT.
Haag sold brand new items of jewellery as well as buying and selling second-hand gold at premises in Cavendish Street, Chesterfield.
He admitted failing to declare his trade in scrap gold in his Self Assessment returns and only valued his stock at between £34,000 and £55,000.
However, during searches of his home and business address in 2011, HMRC officers found around 100kgs of gold jewellery, coins worth nearly £1.3 million and £253,000 in cash.
Gary Forbes, Criminal Taxes Unit assistant director, said: "Haag thought he was under the radar and free to trade without paying the tax he should, but he was wrong.
"He failed to pay the tax he owed and is now facing the consequences of his actions.
"It is only fair that everyone pays the tax that's due, when it's due, and anyone with information about people not paying their taxes should contact the Customs Hotline on 0800 59 5000."
Haag had admitted tax fraud at a previous hearing and returned to Nottingham Crown Court for sentencing.
He was ordered to pay £57,500 by 15 August 2014 as well was completing 150 hours of unpaid work and costs of £1,800.
