GST: The Thot Plickens
Tue, 14 Mar 2000, 09:16 pmGrant Malcolm4 posts in thread
GST: The Thot Plickens
Tue, 14 Mar 2000, 09:16 pmHi all
Has anyone else been able to make sense of the item reproduced on the last pages of the latest Link newsletter? The article is taken from the ArtsWA Art & Law Issue 1999 Issue 4.
It would seem to indicate that under the Pay As You Go system, "where services are provided without the supplier providing and ABN, the payer is obliged to deduct 48.5% and pay it to the tax office."
Check out the examples.
A dramaturg with a theatre company has invoiced the company for his her fee of $1,000. If the dramaturg has not supplied an ABN, the theatre company is required to deduct $485 PAYG tax from the fee.
A multi-media artist has succeeded in obtaining government funding of $10,000 for a project. Without an ABN, the funder will be required to deduct 48.5% witholding tax of $4,850.
A band performs at a local venue for a fee of $500. Unless the band provides an ABN, the venue operator will withhold 48.5% of the fee.
....
So, if a community theatre company mounts a production of a new play, does it have to withold 48.5% of the new playwright's fees if s/he doesn't have an ABN?
Will Lotteries keep 48.5% of the funding for the new lighting rig if the theatre company doesn't have an ABN? What about if it is funded by Healthway to run a community festival?
Can an audience member withold 48.5% of the ticket price to hand back to the tax office, if the theatre company doesn't have an ABN?
This gets crazier every time i look at it!
Cheers
Grant
Has anyone else been able to make sense of the item reproduced on the last pages of the latest Link newsletter? The article is taken from the ArtsWA Art & Law Issue 1999 Issue 4.
It would seem to indicate that under the Pay As You Go system, "where services are provided without the supplier providing and ABN, the payer is obliged to deduct 48.5% and pay it to the tax office."
Check out the examples.
A dramaturg with a theatre company has invoiced the company for his her fee of $1,000. If the dramaturg has not supplied an ABN, the theatre company is required to deduct $485 PAYG tax from the fee.
A multi-media artist has succeeded in obtaining government funding of $10,000 for a project. Without an ABN, the funder will be required to deduct 48.5% witholding tax of $4,850.
A band performs at a local venue for a fee of $500. Unless the band provides an ABN, the venue operator will withhold 48.5% of the fee.
....
So, if a community theatre company mounts a production of a new play, does it have to withold 48.5% of the new playwright's fees if s/he doesn't have an ABN?
Will Lotteries keep 48.5% of the funding for the new lighting rig if the theatre company doesn't have an ABN? What about if it is funded by Healthway to run a community festival?
Can an audience member withold 48.5% of the ticket price to hand back to the tax office, if the theatre company doesn't have an ABN?
This gets crazier every time i look at it!
Cheers
Grant
RE: GST: The Thot Plickens
Mon, 27 Mar 2000, 12:00 pmWalter Plinge
Grant, I agree with you - this GST and new tax system is going to be a complete nightmare! We are trying to sort it out here at Class Act with not much success. More depressingly, someone at Equity has said that on the introduction of VAT in Britain most of the small theatre companies and co-ops disappeared completely within 12 months! There is little paid work for actors in Perth as it is - let's hope it doesn't come to that.