Latest fromInland Revenue

Info sharing leads to 5300 benefit cuts
More than 5300 benefits costing $56 million a year have been cut off due to an information sharing arrangement between government departments.

Metro mag to have city focus
Bauer Media is planning to ease Metro magazine away from current affairs when it gets the Listener in its stable.

Welfare snooping bill criticised
New powers allowing welfare officials to secretly approach beneficiaries' banks or workplaces if they suspected them of committing fraud are being questioned.

Accountant's $280k donation fraud
An accountant has been struck off for scamming Inland Revenue out of $280,000 by doctoring his employer's tax returns to gain false donation rebates.

PAYE system for overhaul
The Inland Revenue Department's $21 billion-a-year PAYE system will be the first part of NZ's tax system to be overhauled, says Revenue Minister Todd McClay.

Man jailed for part in tax evasion scheme
A Wellington businessman has been sentenced to three years and six months in prison for his part in an aggressive tax evasion scheme.

Helen Twose: Employers should watch contributions
Inland Revenue not legally obliged to notify companies when they no longer need to pay into KiwiSaver.

IRD takes $18m from tax dodgers
The Inland Revenue Department has clawed back more than $18 million from people who paid themselves artificially low salaries.

Fines at lowest level in a decade
The amount fines and reparations owed has dropped to the lowest level in almost a decade.

Max Wallace & Robert Nola: Asset rich churches should pay fair tax
Churches have become corporate onshore tax havens which are subsidised by taxpayers so that the religious can pursue the supernatural, writes Max Wallace and Robert Nola.

Online sales sink seaside shop
At least one retailer in Devonport is blaming the downturn in her business on British immigrants.

Couple twig after getting odd offers to recover money
A woman who was owed more than $10,000 has warned others with unclaimed money about "fraudsters" offering to help with getting it back for a substantial fee.

IRD's $29m for advice 'worth it'
The Government says the almost $30 million it has paid out to consultants doing initial work on the IRD's massive IT upgrade or "business transformation" is money well spent.

'Virtually impossible' for Alesco to win tax stoush
Building products firm Alesco's tax-avoidance battle is heading to the Supreme Court but its chances of success are slim, says one adviser.

Tax test case going to Supreme Court
Alesco, whose tax-avoidance battle is seen as a test case for disputes involving more than $300 million, has won the right to appeal its case to the Supreme Court.

Investor fails to overthrow Trinity tax decision
An attempt by an investor in the Trinity forestry scheme to set aside a nine-year-old tax avoidance ruling has been dismissed.

MediaWorks tax dispute warning
Labour will be watching the government "like a hawk" over MediaWorks tax dispute because of past treatment for the media company which owns TV3 and RadioLive.

Fast handover tipped for MediaWorks
KordaMentha, the receivers for MediaWorks, could hand over control to a new firm by the end of next month, according to insiders.

Exposure to MediaWorks limited: Key
Prime Minister John Key says he does not believe the Government will be overly affected by MediaWorks going into receivership, despite disputes about its tax liabilities.

New tax rules target overseas super payments
Inland Revenue is getting ready to clamp down on thousands of New Zealand residents who haven't been paying tax on withdrawals from their overseas superannuation schemes.