Man jailed for 30 months over tax fraud following ATO audit
Monday, February 4, 2019/
The Australian Taxation Office (ATO) has warned business owners about the danger of misleading it after a Sunshine Coast man was sentenced to 30 months in jail for GST fraud last Friday.
The 48-year-old was found to have fraudulently obtained $138,723 through eight dodgy Business Activity Statements (BAS) between 2008 and 2013 and was ordered to pay $130,000 in reparations.
The fraud was uncovered during an ATO audit after the man claimed he was the director of a motor vehicle and yacht business. The tax office found the company had no business activity, sales or purchases and had not paid any GST.
He had tried to obtain a further $962,772 in fraudulent GST refunds and also supplied false documents to the ATO in a bid to support his claims, the Maroochydore District Court heard.
During its audit, the ATO found the money was used to purchase items for personal use, including property and motor vehicles.
The case is the second high-profile GST fraud conviction this month as the ATO signals its willingness to pursue tax dodgers through the courts.
“The ATO has sophisticated systems in place to detect deliberate attempts to commit fraud and we will rigorously pursue taxpayers who are found to be cheating the system through the court system,” assistant commissioner Peter Vujanic said in a statement.
“This wasn’t an honest mistake by a small business owner trying to do the right thing — it was a calculated and deliberate attempt to commit fraud and steal money from taxpayers.
In a case decided in the NSW District Court earlier this month, a Sydney man was sentenced to six years in jail and ordered to pay $1.8 million in reparations for tax fraud and illegal phoenixing activity.
The art of business drinking: How to make deals, networks and friends Ian Whitworth Scene Change co-founder
Bridging the gap: Why regular customer surveys are key to good business Sonia Majkic 3 Phase Marketing co-founder
Forget the side hustle: Five benefits of practising your profession outside office hours Michael Tiyce Tiyce & Lawyers principal
How we created an engaging online course with a 91% completion rate Emma Green Your CEO Mentor co-founder
Five things to consider before you launch a family business Monique Bolland Nuzest co-founder
Why Australian businesses are the new owned media moguls Jonathan Hopkins Marketing