Taxman gives dud advice, tries to bankrupt firm which relied on it
IRD issued incorrect information - and then tried to bankrupt firm which relied on that information
Rob Hosking
Tue, 13 Aug 2013
The taxpayer could have to pay $100,000 compensation to a Lower Hutt business after Inland Revenue unsuccessfully tried to bankrupt the firm.
The case stemmed from an IRD error in a tax form in 2000 which was not corrected until 2006.
However because the business relied on the error in
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Rob Hosking
Tue, 13 Aug 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.