gst fraud tagged posts
January 25, 2012 New Zealand Taxation
A Tauranga man has been sentenced to a year in jail for neglecting his business’ tax obligations, and using employee tax payments to fund his own expenses and recreation.
Last week the Tauranga District Court sentenced an Adrian Ace, an agricultural contractor, to twelve months in prison for evading his PAYE and GST tax obligations. Adrian plead guilty to 28 charges of failing to properly account for PAYE for the employees at his company Pride Contracting Limited. He had also pleaded guilty to three charges of evading GST. Cumulatively, the company owed approximately NZD 55 000 to the Inland Revenue Department.
According to the IRD’s investigations manager Jonathan Matthews, Adrian Ace was first contacted by the IRD regarding his company in August 2005, when a repayment plan was establi...Read More
July 6, 2009 New Zealand Taxation
The Wellington District Court has sentenced a man for eight counts of GST fraud.
Gary Adrian Koornneef, a Paraparaumu based property developer has been sentenced to 12 month home detention for his GST fraud. It was alleged that over the period covering September 2002 to September 2005, Gary Koornneerf sold a total of eight properties but failed to pay the appropriate GST on them.
In the June of 2001, a property was purchased by Advantage Construction and Consultancy Limited (“Advantage”), Gary Koornneef’s own company. This property was later developed and sold as a set of three subdivisions. In the July 2002 a property was purchased and later divided into five subdivisions, all of which were sold. There was no GST payment on any of these...Read More
June 18, 2009 New Zealand Taxation
Tauranga based GST fraudster has been sentenced to 18 month jail time, after admitting to 58 charges of tax evasion.
Timothy Andrew Penniket, a Tauranga based man, was charged with obtaining wage records from a company run by his mother. He is then alleged to have used these records to register 14 of the mentioned employees for GST via the internet, directing any funds to his own bank account, or one used by his associate. In total, thirty two returns were submitted by Timothy Penniket.
The Inland Revenue Department (IRD) has so far recovered $16,127 from the bank account, a further $6,501 has been made in reparation by the associate. The court has also ordered $16,387 to be repaid, totaling the amount that has yet to be recovered by the IRD.Read More
June 15, 2009 New Zealand Taxation
Home detention has been sentenced to an Auckland based man for GST fraud.
Derek Hugh Perry was sentenced to 12 month home detention on the 3rd of June, after he was found guilty on 22 charges of GST fraud. Seemingly due to his poor health, Derek Perry was sentenced to home detention, as opposed to jail time.
In the time between May 2005 and May 2007, while based in Taupo, Derek Hugh Perry filed false returns for two businesses, of which he was the sole proprietor. The two businesses, Derek Perry & Associates Limited and Aunt Ruth’s Sauce Company, were both established by Derek Perry, but never succeeded past their initial set-up phase. Yet, regardless, Derek Perry filed tax returns for both. Derek Perry & Associates limited was subject to 13 returns, which amounted to $57,960...Read More