Takeaway raids close the net on tax evasion phantomware

Hospitality outlets hiding sales from the IRD are under investigation. (Image: Getty)

Mon, 02 Dec 2024

Tough times for the hospitality industry have driven some operators outside the law, but the Inland Revenue Department is hot on the trail of businesses using electronic sales suppression tools to dodge tax.“We've commenced around 50 investigations into the potential use of these tools, and we've got a similar number of investigations lined up,“ Trevor Jeffries, who coordinates activities tackling the hidden economy at the Inland Revenue Department (IRD), said.Electronic sales suppression tools (ESSTs), sometimes called...

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