Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Wellington accountants Skinner, Rowley jailed for fraud

Wellington accountants Skinner, Rowley jailed for fraud

Aug. 17 (BusinessDesk) - Tax advisers Barrie Skinner and David Rowley were jailed in the High Court in Wellington after being found guilty of reaping $2 million from their fraudulent schemes.

The Inland Revenue Department welcomed Skinner's eight-and-a-half year jail term and Rowley's eight-year sentence, after the sentencing in Wellington today. The pair were convicted of filing fraudulent tax returns on behalf of their clients where they claimed fake expenses in excess of $9 million, and were also found guilty of attempting to pervert the course of justice.

"This sentence shows that Inland Revenue and the courts view such offending very seriously," Patrick Goggin, IRD group manager assurance, said in a statement. "Advisers need to take care when advising clients who are under investigation and Skinner and Rowley crossed the line by coaching their clients to lie to Inland Revenue."

The pair filed false income tax and GST returns on behalf of their clients through the agency, Tax Planning Services, for goods and services that were never provided, meaning their clients paid an invoice for the claim but received the bulk of the payment back. The net result reduced their clients' tax liability, and left Skinner and Rowley to pocket the difference.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>



Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>