Miscellaneous 2009

GST critical issues for in-house tax managers: Federal budget GST update

Source: Victoria

Published Date: 3 Jun 2009

 

The Federal Budget GST update - 41 GST Recommendations (agreed to) but do GST managers need to do anything now? The greatest re write of the GST legislation since implementation has resulted in the Government agreeing to implement 41 of the 46 recommendations of the Board of Taxation's review of GST administration.

This presentation covers:

  • while the overwhelming majority of the recommendations have a start date of 1 July 2010, do taxpayers need to do anything in the intervening period?
  • analysing the ATOs position in the recent hearing of the GST case of Amex v Commissioner of Taxation as a guide, how should GST Managers reconcile the ATOs increasing appetite to widen the GST net via case law and rulings, while the Budget GST recommendations aim to simplify the GST law to mirror economic realities?

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