tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, August 13th, 9:40PM

Mortgages

rss
Latest Headlines

Mortgage broker sent to prison

Convicted fraudster David Simon Barton is heading back to jail for evading income tax over 10 years.

Tuesday, August 21st 2018, 9:23AM 1 Comment

The Auckland mortgage broker was sentenced to three years and two months jail in the Waitakere District Court on 10 charges of failing to submit an income tax return with the intention of tax evasion for each of the tax years between 2008 and 2017.

Barton served a jail sentence in the early 2000s on a number of fraud offences.

Inland Revenue spokesperson Tony Morris says every self-employed person knows of the requirement to file an income tax return but Barton knowingly avoided this obligation.

“Barton registered for income tax and proceeded to not pay it for all the years that he was in business.

“Our audit uncovered regular deposits into his bank account for the mortgage broking or consultancy services he was providing so it was clear his business was profitable.”

Barton evaded over $400,000 by choosing not to file his income tax returns.

Morris says those actions can’t be left to slide without serious consequences.

“Taxpayers can’t just choose to remove themselves from the tax system. We all have a responsibility to pay our fair share towards society’s essential services.

“Barton was fully aware of his tax obligations. We made several attempts to try to help him get back on track but he simply wasn’t interested in doing the right thing.

“His offending amounts to straight out theft of taxpayers’ money and shows a blatant disregard for one of the key responsibilities of running a business – filing an income tax return.”

Tags: Mortgage Advisers

« Non-bank lenders go dating advisersANZ predicts OCR cut »

Special Offers

Comments from our readers

On 21 August 2018 at 2:04 pm McGoo said:
David Barton is not a mortgage broker and has never been registered on the FSPR. He poses as a mortgage broker - he's a scam artist and is still ripping off hard-working homeowners. I see he was also bankrupted in March 2018. Good riddance.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • It starts with governance
    “Thanks JP, if we know what the rules are we can follow them, if we know what the solutions are we can implement them....”
    13 hours ago by Adviser1
  • Record gold prices 'could go higher'
    “Happy to be made wiser by Gold aficionados, but this years Gold rally seems one of the unexpected and possibly irrational...”
    14 hours ago by Davidvs
  • It starts with governance
    “Hi JP, good analogy of what would be a sensible way to approach the new landscape for March 2021. Governance does not have...”
    18 hours ago by gavin austin adviser business compliance
  • It starts with governance
    “@Adviser1 this is part of the discussion we need to have as an industry. It is also part of the message we have with the...”
    1 day ago by JPHale
  • It starts with governance
    “Thanks Gavin, appreciate your comments. So by engaging a compliance consultant and having the necessary policies, procedures...”
    2 days ago by Adviser1
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 5.50 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 ▼3.85 ▼3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.55 2.65 2.79
Kainga Ora 4.43 ▼2.93 ▼3.07 ▼3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.45 2.99 3.35
SBS Bank 4.54 ▼3.05 3.19 ▼3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - ▼2.55 2.69 ▼2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 ▼2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 ▼3.29
TSB Bank 5.34 3.35 3.49 3.79
TSB Special 4.54 2.55 2.69 2.99
Wairarapa Building Society 4.99 3.65 3.69 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.05 3.13 3.12

Last updated: 11 August 2020 8:24am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com