Iain Blakeley

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

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Time to tidy up the GST Act?

The GST Act needs to be tidied up and made more user-friendly in my view. I read the GST Act every day. Sad, I know. Anyway, it used to be pretty simple to navigate around but lately I've been finding it a bit more of a challenge. (No smart comments about aging...

Taxing energy drinks unconstitutional

A recent decision in France has concluded a government tax on energy drinks contravenes the country's constitution. Under France's tax laws a tax was imposed on energy drinks with at least 220 mg of caffeine per 1,000 ml. The tax was challenged and the Constitutional...

GST for schools – consultation

This item discussed a draft ruling from IRD on the GST treatment of payments made by parents to schools. The ruling has now been finalised with no significant changes. Anyone looking after the GST compliance and systems for a school needs to be on top of this.

Bahamas VAT

The Bahamas will have a new VAT from 1 January 2015: 7.5% (0% for exports) on a broad range of goods and services, few exemptions, small business concessions, "inclusive" pricing and an extensive public education programme. Confirmed by the PM and Minister for...

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...

Grant versus fee!

The Woking Museum and Arts and Crafts Centre is a charity set up to "advance the education of the public in local national and international history and arts and crafts". In 2003 it entered into an agreement with the Woking Borough Council [In the UK] to "provide...

Good news

Might as well start the year with a bit of good news, even if it's a little old by now. On 11 December the Government gave us a xmas present with the announcement by the Minister of Customs the Temporary Import period for yachts, launches and small craft will be...

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...

Online sales

Data just out says New Zealanders spent $1b on online sales in the last year. If that had been spent in New Zealand an additional $150m of GST might have been collected by the Government. There is yet more evidence the extent of international online retail therapy is...

GST Registration of Bodies Corporate

Yesterday the IRD published an update on where they are at with deciding whether bodies corporate can or must register for GST.In their May 2013 Issues Paper IRD suggested bodies corporate can register for GST and must register if the levies they charge owners exceed...

GST on prohibited imports

The Customs Appeal Authority recently decided duty is payable on goods confiscated by Customs as "prohibited imports". An importer tried to bring some cartons of beer and whisky into New Zealand. Unfortunately the labels didn't comply with NZ regulations and the...

GST and vendor financing

A follow on from my re-blogged post below on vendor financing and the GST impact.The Australian Tax Office has issued a "Decision Impact Statement" on the Mathiesen case confirming it is consistent with earlier rulings they gave. The key points are:1. For GST purposes...

Commonsense prevails: well almost

Yesterday the Australian Tax Office issued a practice statement explaining when it would overlook an incorrect GST input claim made by a business. You can read it here On the face of it the practice statement reeks of commonsense. The supplier wrongly applies GST to...