What does this mean for employers?

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Providing taxi travel services through ride-sourcing and your tax obligations.

The views in this product relate to the meaning of the word ‘taxi’ as it appears in the GST law. For GST purposes, the word taxi takes on its broad ordinary meaning of a car (vehicle) made available for public hire that is used to transport passengers for fares.

State and Territory laws regulating transportation of passengers contain specific definitions of the term ‘taxi’. As such, it is possible a vehicle may be a taxi for GST purposes, but not for State and Territory regulatory purposes.

The ATO expresses no view about whether ride-sourcing vehicles are taxis within the State and Territory specific definitions. More generally, the ATO expresses no view on the legality of ride-sourcing arrangements. The sole purpose of this document is to clarify how the tax laws administered by the ATO apply to ride-sourcing.

What is ride-sourcing?

Ride-sourcing is an ongoing arrangement where:

• you (a driver) make a car available for public hire
• a passenger uses, for example, a website or smart phone app provided by a third party (facilitator) to request a ride, and
  you use the car to transport the passenger for payment (a fare) with a view to profit.
• Ride-sourcing arrangements can be enabled by a technology platform maintained by a third party (a facilitator). Typically, a website or mobile device application is used to facilitate a transaction between a driver and a passenger.

For the full article follow this link https://www.ato.gov.au/Business/GST/In-detail/Managing-GST-in-your-business/General-guides/Providing-taxi-travel-services-through-ride-sourcing-and-your-tax-obligations/

If you need assistance with your GST registration or bookkeeping, please give Accounts Central Services a call today on 03 9614 8641.

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Payment Summaries should have been issued to your employees by now and you have until 14th of August to report to the ATO. Accounts Central Services has now issued payment summaries to all its clients employees and reported to the ATO. Have you issued yours yet?

If you need assistance with issuing your payment summaries, call Accounts Central Services today on 03 9614 8641.

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As it is Mother’s Day this Sunday, Accounts Central Services is giving away a Zoos Victoria Membership to a lucky mother. To enter simply go to our facebook page and tell us what your kids have planned for you this Mothers day or if you don’t know, what you are hoping for. The lucky winner will be announced Tuesday 12th May 2015.

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