GST on ticket prices?
Tue, 7 Dec 1999, 07:17 pmGrant Malcolm11 posts in thread
GST on ticket prices?
Tue, 7 Dec 1999, 07:17 pmIn the light of the current controversy over registered charities and the GST, i couldn't help wondering what companies were planning to do with respect to ticket prices.
My limited understanding is that there will be no requirement on community theatre companies to charge GST on their tickets unless they have a turnover of $100,000 or more. Can anyone confirm this?
Clearly theatre companies will be paying GST on all their inputs, so they'd be crazy not to consider passing on this expense.
Thoughts?
Cheers
Grant
My limited understanding is that there will be no requirement on community theatre companies to charge GST on their tickets unless they have a turnover of $100,000 or more. Can anyone confirm this?
Clearly theatre companies will be paying GST on all their inputs, so they'd be crazy not to consider passing on this expense.
Thoughts?
Cheers
Grant
RE: GST on ticket prices?
Fri, 19 May 2000, 12:59 pmWalter Plinge
Hi Terri,
My local club, Howick Little Theatre, in New Zealand is an incorporated society, and we are GST registered, on the basis that our income exceeds an certain level ($30,000 PA) prescribed by the IRD.
Accounting for GST does really necessitae an accounting software package with GST provisions. It's probably a good idea to purchase such a package with support from an organisation which has proven experience with GST. I believe there are a number of NZ companies which have set up in Australia to tap into this new market.
regards
Peter Webster
My local club, Howick Little Theatre, in New Zealand is an incorporated society, and we are GST registered, on the basis that our income exceeds an certain level ($30,000 PA) prescribed by the IRD.
Accounting for GST does really necessitae an accounting software package with GST provisions. It's probably a good idea to purchase such a package with support from an organisation which has proven experience with GST. I believe there are a number of NZ companies which have set up in Australia to tap into this new market.
regards
Peter Webster
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