Commonwealth legislation

A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement Determination (No. 4) 2004 - corporate account holder of Cabcharge Australia Limited

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

3/10 complexity

What this does: Normally, businesses must keep a tax invoice (a receipt showing GST was paid) to claim back GST credits from the Australian Taxation Office. This determination waives that requirement for companies that hold corporate accounts with Cabcharge Australia Limited (a taxi payment service).

How it works: Instead of collecting individual taxi receipts, corporate account holders can use their monthly Cabcharge statement to claim GST credits.

Important exception: Companies must still get a proper tax invoice if:

The Cabcharge statement indicates the trip might be a "mixed supply" (meaning part of the fare has no GST, such as some airport fees or pre-2000 charges); or
There's an error on the statement regarding that particular trip.

Who it affects: Businesses with corporate Cabcharge accounts and their employees/directors who use the service.

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Current sections

Direct links to the current provisions in A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement Determination (No. 4) 2004 - corporate account holder of Cabcharge Australia Limited.

Situations where a tax invoice is still

Situations where a tax invoice is still required

The Corporate Account Holder will still need to obtain a tax invoice before attributing input tax credits to a tax period for a supply on the corporate card statement where:

(a) the corporate account statement indicates that the supply may be a mixed supply or a taxable supply where GST is not 1/11th of the price; or

(b) where there is an error on the corporate account statement in relation to the supply.

Definitions

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.

Person(s) who uses the corporate account includes a partner, sole trader, director or employee of an entity.

Corporate account statement is a statement of liability that is issued by Cabcharge Australia Limited to one of its clients.

Corporate account is an account that is issued to and in the name of an entity and is used to purchase goods and services for commercial purposes.

Acquirer is a financial institution that signs a merchant and is responsible for settlement to the merchant of card transactions processed through that merchant.

Corporate Account Holder is the registered entity that is a corporate holder of the corporate account.

Mixed supply is a supply of 1 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.

Merchant means an entity that supplies taxi travel.

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

Dated this 9th day of July 2004.

Signed by Anthony Long
ASSISTANT DEPUTY COMMISSIONER OF TAXATION
Goods and Services Tax (Financial Supplies & Insurance)

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

Situations where a tax invoice is still Situations where a tax invoice is still required