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

Situations where a tax invoice is still required

8. 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

9. 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)