Waiver when a partner supplies or acquires on behalf of a partnership and the ABN the Partnership is recorded
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions from or Acquisitions by a Partnership) Legislative Instrument 2013 provides that an input tax credit for a creditable acquisition is attributable to a tax period for acquisitions by, or a supply made through, a partner acting in their capacity as a partner of a partnership when the recipient or partnership holds a document other than a tax invoice, if the document meets the requirements prescribed in the Instrument.
This Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for recipient created tax invoices using electronic purchasing systems that depend on reading two documents together for the requisite information
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions by Recipients Using Electronic Purchasing Systems) Legislative Instrument 2013 waives the requirement for a recipient making a creditable acquisition using electronic purchasing systems to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold a document that meets the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for acquisitions made through the principal’s ‘property manager’ who issued an invoice themselves (and not the supplier/principal’s details) but otherwise had all relevant ‘tax invoice’ details
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions from Property Managers) Legislative Instrument 2013 waives the requirement for a recipient making a creditable acquisition of real property by way of a supply made through a supplier’s property manager to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold documents that meet the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for taxi travel acquisition where document held has all relevant information and the driver’s license or accreditation number in lieu of his name
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Creditable Acquisition of Taxi Travel) Legislative Instrument 2013 waives the requirement for a recipient making a creditable acquisition of taxi travel to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold a document (for the supply of taxi travel) that meets the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for novation of car lease from employee to employer, if employer holds novation agreement and employee’s tax invoice
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisition of a Motor Vehicle under a Full or Split Full NovatedLease Arrangement)Legislative Instrument 2013 waives the requirement for an employer making a creditable acquisition of a motor vehicle by way of a lease through a full or split full novation arrangement to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold documents that meet the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for acquisition from a supplier’s agent who issues the invoice in his name and ABN (not the supplier’s name and ABN)
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Fri 22.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions Under an Agency Relationship) LegislativeInstrument 2013 waives the requirement for a recipient making a creditable acquisition through their agent, through their insurance broker or by way of a supply made through the supplier’s agent to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold a document that meets the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver where part of the consideration paid and balance of the consideration not yet known – separate invoices for what has been paid and the remainder when paid
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Thur 21.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Acquisitions Where Total Consideration Not Known) Legislative Instrument 2013 waives the requirement for a recipient making a creditable acquisition to hold a tax invoice for an input tax credit to be attributable to a tax period, where the total price of the thing or things acquired cannot be ascertained at the time an invoice is issued or a payment is made when they hold a document that meets the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
Waiver for offers/renewal notices which may not be accepted but contain all the ‘tax invoice’ details on acceptance
The following Legislative Instruments were registered on the Federal Register of Legislative Instruments on Thur 21.3.2013.
- A New Tax System (Goods and Services Tax) Waiver of Tax Invoice Requirement (Offer Documents and Renewal Notices) Legislative Instrument 2013 waives the requirement for a recipient making a creditable acquisition to hold a tax invoice for an input tax credit to be attributable to a tax period when they hold an offer document or a renewal notice that meets the requirements prescribed in the Instrument.
The Instrument is taken to have commenced on 1 July 2010 and applies to net amounts for tax periods commencing on or after 1 July 2010.
[LTN 56, 22/3/13]