Situations where an adjustment note is sSituations where an adjustment note is still required

Situations where an adjustment note is still required

7. The BUSINESS TRAVEL ACCOUNT HOLDER will still need to obtain an adjustment note before attributing an adjustment to a tax period for an adjustment on the Business Travel Account Invoice Statement where:

(a) the Business Travel Account Statement indicates that the adjustment relates to a supply that may be a mixed supply or a taxable supply where GST is not 1/11 of the price; or

(b) where there is an error on the Business Travel Account Statement in relation to the adjustment.

Definitions

8. The following expressions are defined for the purposes of this determination:

the Act means the A New Tax System (Goods and Services Tax) Act 1999.

The person(s) who uses the Business Travel Account includes a partner, sole trader, director, contractor or employee of an entity.

Business Travel Account Statement is a statement of liability that is issued by AMERICAN EXPRESS INTERNATIONAL INC. to one of its clients.

Business Travel Account is an account that is held by and in the name of an entity and is used to purchase goods and services for commercial purposes.

Business Travel Account Holder is the registered entity that holds a Business Travel Account with AMERICAN EXPRESS INTERNATIONAL INC.

Mixed supply is a supply of one or more taxable supplies and any one of the following supplies:

• a supply that is GST-free or input taxed;

• a supply that was made before 1 July 2000.

Other expressions in this Determination have the same meaning as in the Act.

Dated this 22nd Day of August 2001

Signed by Geoffrey Mills

Assistant Commissioner

GST Law and Interpretation

Delegate of the Commissioner