The Inland Revenue Department took about four hours to present its case against 58-year-old [Christchurch property developer] David Ian Henderson on seven charges alleging that he misapplied deductions taken from employees for payment of their PAYE income tax, and used it to pay other creditors of his company Dweller Ltd.
The charges allege that Henderson aided and abetted Dweller Ltd knowingly to apply PAYE deductions from the 13 employees “for purposes other than payment to the Commissioner of Inland Revenue by the due date”.
The IRD accuses Henderson of using employees’ PAYE tax deductions to settle accounts with other creditors in 2010. He denies all charges.
A schedule of deductions is filed to Inland Revenue at the end of each month, and payment is then required by the 20th of the following month. The charges relate to each month from May to November, 2010.
The total amount of money referred to in the charges is $162,946.
Henderson was the director in charge of running the Property Ventures Ltd property business which was placed into receivership in March 2010. He then agreed to take the 13 employees into a new entity, Dweller Ltd. He was the managing director of Dweller.
Former ACT MP Rodney Hide, of Auckland, was sitting in the public gallery most of the trial.
For full story dated 10/11/14 by David Clarkson see:
Note: Former Act leader Rodney Hide is a “long-term friend” of “troubled property developer” David Henderson who has been twice bankrupted.