Inland Revenue (IR) expects that next year, about 750,000 tax refunds will be automatically generated for wage and salary earners who don’t usually apply to get their tax back.
Christchurch restaurateur Jonathon Charles Schwass has been given six months’ home detention for not passing on more than $250,000 of his employees’ tax deductions.
A businessman involved in the Canterbury rebuild has been sentenced to three years and four months in jail for not paying $1,517,293 of his employee’s tax deductions to Inland Revenue.
Legislation designed to simplify interactions with the tax system has passed its third reading in Parliament and now awaits Royal Assent.
The husband-and-wife owners of several South Auckland logging companies have been given jail and home detention sentences respectively for failing to pass on more than $225,000 in employee tax deductions.
Support for small businesses through a payroll management subsidy is to continue for a further two years.
A Christchurch businessman has been jailed for just over two years for failing to pay PAYE over a period of five years.
Revenue Minister Judith Collins has today welcomed the release of a tax officials’ paper, seeking feedback on options to reduce the cost to employers of administering PAYE information.
A Hamilton businessman who refused to pass on to Inland Revenue just under $250,000 in deductions from his employees’ wages has been given four months’ home detention.
Lower Hutt tax advisor Patrick John Renshaw has been given 10 months' home detention for tax offences.