'Tax Invoice' Total

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Forums › Finance and wealth management › 'Tax Invoice' Total

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mattwnz

20164 posts

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#1295064 1-May-2015 14:29

Zeon: This cash thing pisses me off. I pay tax - he should too.

Not only that but it means that it means that there is less money for services in NZers. eg less money to invest in NZs future with education, and health. It also allows them to undercut those people who do pay their fair share of tax. But even some of the big companies don't pay tax in NZ because they base themselves offshore. If everyone paid their fair share of taxes, charities wouldn't likely be needed.

mattwnz

20164 posts

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#1295066 1-May-2015 14:31

Hammerer:
Brumfondl: Based on http://www.ird.govt.nz/gst/work-out/work-out-records/records-tax/tax-info/ what you were given was not a tax invoice at all.

And you should have asked about the GST, sorry :(

The TXT is a quote not an invoice so the IRD requirements are largely irrelevant anyway. But the use of the term "tax invoice" would usually indicate that the price is intended to be tax inclusive even if the tradesman did not intend it.

May also show their lack of basic business and accounting terms, which isn't the best sign. But at least they came to the party.

kingjj

1728 posts

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#1295188 1-May-2015 17:50

mattwnz:
Hammerer:
Brumfondl: Based on http://www.ird.govt.nz/gst/work-out/work-out-records/records-tax/tax-info/ what you were given was not a tax invoice at all.

And you should have asked about the GST, sorry :(

The TXT is a quote not an invoice so the IRD requirements are largely irrelevant anyway. But the use of the term "tax invoice" would usually indicate that the price is intended to be tax inclusive even if the tradesman did not intend it.

May also show their lack of basic business and accounting terms, which isn't the best sign. But at least they came to the party.

You've hit the nail on the head there mattwnz. The fella was a recent'ish arrival from Ireland and openly admitted to having worked in NZ for a while but only registering for GST last month. The quote was generated several months ago so I don't think it even crossed his mind to charge GST until he registered and got an accountant.

surfisup1000

5288 posts

Uber Geek

#1295205 1-May-2015 18:31

i'd expect to see +GST if it includes gst.

Presumably this guy does jobs for many customers and he would definitely know he is being misleading on this as you will not be the first.

Good trades people can be hard to find.

Stu

Hammered
8344 posts

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#1295299 1-May-2015 19:54

surfisup1000: i'd expect to see +GST if it includes gst.

Presumably this guy does jobs for many customers and he would definitely know he is being misleading on this as you will not be the first.

Good trades people can be hard to find.

Don't you mean that you'd expect to see "incl GST" if it includes GST?

+GST indicates it excludes GST

People often mistake me for an adult because of my age.

Keep calm, and carry on posting.

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