Company Fined For False Tax Returns

Chronicle (Levin), 13 December 1949, Page 3

Company Fined For False Tax Returns

WELLINGTON, Dee. 12. Fines totalling £280 were imposefl on Rotowax Ltd. by Mr Thompson S.Mi, in *a" reserved judgement delivered today.. The company had pleaded not gpilty through Mr W. E. Leicester to five charges of wilfully making false returns 5f income. The total discrepencies alleged by the proseeiition were £10,159 9s'8d on which £3458 11s 8d was st'ated,:f6; be the tax due. The . Magistrate found the company gjii'lty of wilfully making false returns to "the extentof £3579 11s 2d. The company was eonvicted on four charges. The charge alleging wilful false returns for the year ended October 31, 1942, was dismissed. The charges on which the .company was eonvicted concerned returns for the years ending October 31 1943, 1944, 1945 and 1946. The fines were £50, £30, £100 and £100 respe.e-\ tivety and costs in each case. The Magistrate said the charge concerning the" 1942 return was dismissed because the return for that year had not, been signed. The Magistrate expressed the view that the company appeared to have a free and easy atmosphere. He agreed with the proseeution that the three original partners in the syndicate had continued to run it as if it were their own private business, after it had been turned into a limited company. It was clear that at times payment's received had been split among the directors without the formality of book entries.