Payroll – Single Touch Payroll

Further to our articles Payroll – Single Touch Payroll and Payroll – the Advent of Single Touch Payroll in the May and November 2016 newsletters, as 2017 gets underway, it is timely to consider what may be necessary to prepare for the commencement of the Single Touch Payroll (STP) on 1 July 2017. The legislative … Read more

FBT ‘ Prepayment of Novated Lease

As part of a salary sacrifice arrangement an employee will often enter into a novated lease arrangement with their employee for the provision of a car. Under the terms of the novation the lease obligations are transferred to the employer for either the term of the lease, or the period for which the employee is … Read more

GST ‘ Countertrade Transactions

In our November 2016 Tax Update we discussed the difficulties caused for GST compliance where consideration is provided in non-monetary form. The difficulties led the ATO to issue Practical Compliance Guideline PCG 2016/18 GST and countertrade transactions. PCG 2016/18 is intended to relieve taxpayers from strict GST compliance for certain transactions where consideration is provided … Read more

GST – McEwans Australia Pty Ltd v Brisbane City Council

The Queensland District Court decision in McEwans Australia Pty Ltd v Brisbane City Council [2016] QDC 347 relates to the interpretation of the obligation of the Brisbane City Council (the Council) to reimburse McEwans Australia Pty Ltd (the Developer) for certain GST, pursuant to an infrastructure agreement (the Agreement) into which they had entered. In … Read more

Categories GST

GST ‘ A reminder of some deadlines

(a) GST The ATO has issued the following reminder: ‘If your not-for-profit (NFP) organisation has elected to pay and report its GST annually, it must do so by 28 February 2017. Your organisation can choose to report and pay GST annually as long as it: is not required to register for GST, and has not … Read more

Categories GST

Eligibility ‘ Is the Victorian Farmers Federation a Charity

A recent case, Victorian Farmers Federation v Commissioner of State Revenue [2017] VCAT 19 (the VFF) saw the membership based Federation fail in its attempt to be recognised as charity for payroll tax purposes. The VFF’s objects included: to advance, promote and protect the interest of Members, the interest of Agricultural industries in which members … Read more