GST Tax Rates

This is the GST Tax Rates Window.

The UniRes Charges system and some file maintenance programs use the information supplied here to calculate tax on your transactions.

A Tax Code is a way to identify a Taxation Method. The taxation method may include special formulae as determined by the ATO from time to time. The CSN tax type uses a special tax method, the rules of which are editable with this program.

Use this window to ..

•Add Tax Codes

•Edit Tax Codes

•Delete Tax Codes

•Schedule a Tax Rate Change.

To help you get started, we have set the Tax Code for you.

To change a tax code and its percentages

Click on the tax type code line, then click on the Edit button.{bmc 27.bmp}

Tax Code

CSN Code

CSN stands for Concessional Tax. You can change the code now if you wish before charging anything out in the charges program. After you start charging using a code, you can not change the code.

GST Code

GST stands for Goods and Services Tax. You can change the code now if you wish before charging anything out in the charges program. After you start charging using a code, you can not change the code.

NON Code

This code means No Tax to be charged.

Three types of codes are available to UniRes and this is all that is required for the scope of the software. Other types of tax do not apply to UniRes and it's charging capability.

What's in the Window

The main part of the window shows the existing Tax Code already on file. The list windows shows …

•Code: The three character tax code.

•Description: The user entered description of the Tax Code

•Type: The type of tax calculation for the code.

•Rate: The Tax Rate for the type of tax.

•Used: Y or N (Yes or No). Set to Yes by UniRes if the tax code has been used in charging already.

•Schedule: Ticked if a tax rate change has been scheduled.

The Buttons along the bottom

•Customise: Click on this if you want to make changes to the report form, which lists the codes. (Advanced users only)

•New: Add a new Tax Code definition.

•Delete: Deletes the currently selected tax code line. Once a tax code has been used, it can not be deleted. (It needs to stay on file as a reference point)

•Print: Click on this button to print out the tax code list.

•Edit: If you have not used the tax code, you can click on this button to open up the edit window.

•Close: Leave the program.

If you see any blank tax types, click on the line and then click on delete to remove blanks.

Editing the Tax Codes

Click on the Edit button after selecting a tax code to edit. To the right is the Edit Window for the Consolidated Tax or Concessional Tax.

You can change the Tax Code to one of your choosing if you wish. Tax Codes are shown on Receipts and other forms where applicable.

If you don't like the default description, change it to suite your requirements.

Tax Type

The Tax Type is set to concessional. The drop down list can be used to select a tax type and this affects how the tax is calculated.

Concessional Tax

Currently at 5.5%.

CSN Example:

If you normal site charge is say $30.00, add 10% GST = $33.00

Take the $33.00 and divide this by 2 = $16.50 then …

calculate 10% of the $16.50 = $1.65 and then …

add the $1.65 to the original site charge of $30.00 = $31.65 . This is the 50% Rule as currently defined by the powers to be.

This works out to a tax of 5.5% exactly, in this example.

Or use <Inclusive Amount> / (105.5/5.5) to get the CSN (Concession Tax Value)

Or use <Inclusive Amount> / 19.18181818 to get the GST payable at 5.5%.

Description

Enter your description for the tax type.

Tax Type

Select the tax method.

•None

•Goods and Services Tax

•Concessional

•Input Taxed

Note that once a tax type is used, it can not be changed. The field is greyed out and can not be changed. The percentages can be changed however, and s scheduled change can be set.

GST Rate

Enter the Goods and Services Tax Percentage.

Concessional Tax Rate

Enter the equivalent Concessional Rule Tax Rate. If you are paying the tax using the simplified tax method, enter a zero here.

General Ledger Link Codes

If you export your receivables data to a third part General Ledger, or wish to use the Export Journal in the Menu Bar – File – Export Sales program, enter your General Ledger account codes here.

Current Tax Rule

This field is only available for the Concessional Tax Type. Enter the number of nights stay at the normal GST rate before concessional tax rate applies to charges that are linked to the CSN code.

Scheduled Tax Rate Change

UniRes can automatically handle tax rate changes. If a tax rate is set to change, place a tick in this box. The associated fields will be enabled on the screen for you to enter in the values and dates.

Continuous Stay Days threshold

UniRes can automatically handle tax rate changes. If a tax rate is set to change, and the number of days before CSN tax is changed, enter a value here.

The new “rule” and values will not come into effect until a calculation or site fee sees the new on or after date value. Note that a Site fee will test this date and apply the correct tax formulae for you. The transition is fully auditable in the GST Report.

On or After Date

Calculated at %

Enter the new tax percentage for normal GST.

Concessional Tax will be..

Enter the new tax percentage for Concessional GST (or zero if you are adopting the Simplified Tax Method).

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