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Jaydana1's avatar
Jaydana1
Experienced User
4 years ago
Solved

Company We Are Invoicing For Works Doesn't Have An ABN, Only An ACN

Hi,   I am invoicing a Company that we did some work for (so trying to create a sales invoice).  They do not have an ABN, only an ACN.  When I create a client file for them, I have used N-T? (Would...
  • leibholdqpbc's avatar
    leibholdqpbc
    4 years ago

    Beleive you should have the tax on card set to GST  - not N-T

leibholdqpbc's avatar
leibholdqpbc
Trusted User
4 years ago

Beleive you should have the tax on card set to GST  - not N-T

gavin12345's avatar
gavin12345
Ultimate User
4 years ago

Hi Jaydana1 

 

If no ABN is provided, in some instances you are generally required by law to deduct something like 46% - check with your accountant or the tax office. See here from the ATO website for example. Penalties may apply if you fail to deduct - it is like paying wages to an employee who does not provide a TFN.

 

Regards

Gavin

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