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Motor Vehicle GST/LCT invoices and the ATO
Bulletin Number 2 - 2014
As most of you would know there has been ongoing dialogue between the industry and the ATO with regards to a recent court ruling and the impact and interpretation this might have on confidential dealer rebates as well as on Luxury Car Tax and on the actual amount of GST payable.
Most of you would have also known that the changes were planned to be in effect from 1 May 2014.
I have been advised, verbally, late this morning that the announced and planned changes will not take place and that until advised otherwise everything remains as is, and nothing has changed.
We will continue to monitor and keep in contact with our advisors on this matter and as further information comes to hand we will communicate as soon as possible to all members.