Accountant Jailed for Tax Evasion

December 16, 2008 New Zealand Taxation  No comments

According to an Inland Revenue Department (IRD) media release, an Invercargill accountant faces jail time for tax evasion.

Invercargill accountant, Warren Dean Haggerty was sentenced to two and a half years jail time after he admitted to or was found guilty of a number of charges. Warren Dean Haggerty admitted to misappropriating $302,365.82 worth of funds. Further, he admitted to misleading and altering tax statements of two clients as to their tax position, resulting in overpayments, which he then withdrew for his personal use. He admitted to gaining use of $115,000 of funds in this manner. It was proved by the court that Warren Dean Haggerty deliberately mislead his firm as to the location of the misappropriated money.

As of the 13th of December Warren Dean Haggerty has been suspended from the Institute of Chartered Accountants of New Zealand, in a Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand.

Inland Revenue Manager Investigations, Assurance, Lynley Sutherland stated in an IRD media release that sends a strong message. “Accountants have an extensive understanding of the nature of New Zealand’s tax system and those who cheat it should expect serious consequences.”