Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

E-commerce
IRD wants to hear from employers

IRD wants to hear from employers

IRD wants to know what employers think of their proposals for correcting and adjusting PAYE filings. This recently released officials' paper sets out the background and proposals: http://taxpolicy.ird.govt.nz/publications/2017-ip-paye-error-correction/overview A tax...

Bit of a GST fizzer…..

We were eagerly awaiting an announcement in yesterday's Budget 2015 speech on digital services but.... nothing. How many more countries need to take the lead on this before NZ acts?

Australia jumps ahead of NZ in taxing digital commerce

The Australian Government has released draft legislation proposing to apply GST to downloads and streaming of digital content and other services supplied from offshore to Australian consumers. This will affect media such as games, movies, e-books and music downloaded...

GST heat goes on internet sales

Debate is turning into action over taxing internet sales. The Australian Treasurer told media at the Council on Federal Financial Relations Meeting in Canberra on 9 April his Government will require overseas companies selling intangibles into Australia to register and...

Overseas companies avoiding GST?

Simon Moutter, Spark's MD, says overseas companies like Netflix are avoiding GST. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11422160 He has a point, and it's not news really. But the debate grows as more New Zealand businesses feel the...

Govt raises stakes for online shoppers

The NZ Prime Minister says his government will go it alone if the OECD doesn't move quickly enough to impose GST or VAT on online sales. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11418586 The fact the Prime Minister is raising this now is...

Governments using lotteries to collect tax

Tax collectors in the EU are looking more closely at the use of lotteries to tackle VAT evasion. This paper, just published, discusses how existing lottery schemes work and reveals there could be upside for governments. It concludes more empirical evidence is needed...

Australian Tax Office rules on Bitcoin

The ATO has just issued a ruling on the GST treatment of Bitcoin. Here: http://law.ato.gov.au/atolaw/view.htm?docid=%22GST%2FGSTR20143%2FNAT%2FATO%2F00001%22 In brief: 1. A transfer of bitcoin is a "supply" for GST purposes. 2. Bitcoin is not "money" under the GST...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

NZ businesses are getting it wrong

I'm seeing increasing evidence of misunderstanding over how the zero rating rules apply. From 1 April 2014 non-resident businesses can register for GST in NZ under a new system which allows them to claim GST refunds on business related costs. Historically a business...

NZ GST legislation inadequate

The NZ GST Act inadequately deals with online supplies of services and should be fixed immediately.I'm referring to how the Act treats those selling products online such as e-books, movies, professional advice, teaching materials, photographs and lots of...

VAT and online sales

This is a very good item on the wider business implications of proposed changes in Europe to the VAT treatment of online digital media sales. http://performance.ey.com/2014/02/20/vat-change-online-sales-just-tax-concern/ Cheers Iain

Global VAT alignment edges closer

At the Global Forum on VAT in Tokyo last week 86 countries signed up to the first agreed framework for applying VAT to internationally traded services and intangibles. The new guidelines set out core VAT principles to be applied when taxing services and intangibles,...

Are you ready for the 1st of April 2014?

Change to tax law is as certain as tax itself.The 1st of April is a favourite of governments around the world for ushering in tax changes.Here's a snippet of some changes that are coming into force in GST, VAT and other indirect taxes on 1 April:Albania - Supplies of...

GST and online shopping – is there a cure?

The NZ Government has delayed the Customs / IRD report on GST and online trading to allow the issue to be considered as part of the wider review of how global corporates are taxed. I think the merger of the issues was unavoidable. They are closely linked and the...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

At least it’s a start

More pressure from retailers for the Government to remove the iow value import threshold for goods. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11171599 This isn't going to go away. It's part of the wider debate on how to tax the digital...