Latest from Inland Revenue

Wellington restaurant with world record for selling 6336 burgers in a day is in liquidation
The company owes $644,192 to Inland Revenue but that is expected to increase.

Sasha Borissenko: Family trusts no longer as attractive as they used to be
OPINION: Last week the trustee tax rate increased from 33% to 39%.

Auckland scaffolding company director sentenced to home detention for $558k tax fraud
The woman was ordered to pay reparations of $13,000, albeit at $50 per week.

How to legally reduce your tax bill before year’s end
OPINION: Check if you're on the right tax code, especially with multiple incomes.

Du Val Group debt grows to $306m, new report says
Du Val's debt rose from $238m to $306m, requiring further investigation.

‘A sigh of relief’: Radio host Nick Mills ends battle with Inland Revenue over debt
Inland Revenue's bid to liquidate Nick Mills' companies 'discontinued'.

IRD says time running out for Small Business Cashflow loan repayments
About 10,000 loans are in default after the Covid-era scheme was launched.

School lunch provider collapses owing $600k to IRD
Loss of contracts, Covid and cyclone blamed says the liquidators' report.

Former IRD tax agent gets 12 months home detention for tax fraud
He filed false tax returns, pocketing refunds in his own accounts.

IRD sets sights on taxing 9000 clubs, societies and other not-for-profits
Tax expert worried about administrative nightmare.

Radio host’s plan to settle tax debts falls through at eleventh hour
Nick Mills and Inland Revenue can't agree on whether they have an agreement.

Govt seeks feedback on taxing charity-owned businesses
IRD consultation document reveals 11,700 charities reported business income in 2024.

‘All offers considered’: Vacant $74m Takapuna plot up for grabs after liquidation
Company in receivership and liquidation owes a Smale family entity $76.2m: report

Man falsely claimed Covid relief money - twice
The Auckland man used the relief money for personal items and gambling.

Radio host given three weeks to settle tax debts to save his restaurants
Nick Mills puts personal assets and businesses up for sale.

Wellington radio host’s hospo businesses face liquidation
Nick Mills' battle with Inland Revenue to go to court.

Apartment developer declares insolvency owing $3.76m
Unexpected cost rises, Covid delays, cooling market blamed for development failure.

Loss of 190 jobs at ProLink, recruiter owes $3.8m
Migrants lose jobs at company linked to woman previously jailed over fake birth documents.

‘Full throttle’ - IRD steps up January liquidations for unpaid tax
Inland Revenue confirmed a busy start to the year with the number of court applications.

Lifestyle Magazine Group has $70,000 deficit, NZ Life & Leisure magazine continues with new owner
Printer Webstar is owed $67,000, trade creditors $28,000; the total owed is $95,000.

BNZ licks wounds after organic grocer’s demise
The liquidators have revealed the organic grocer owes over $1 million to BNZ.