Forum Discussion

shau's avatar
shau
Experienced Cover User
5 years ago

GST code for eBay seller fees

Since the Netflix tax was introduced by the government in July 2017, eBay has introduced clause that businesses will be exempt from paying GST on their ebay fees, if they register their business and ...
  • Julie_A_C's avatar
    Julie_A_C
    5 years ago

    Hi shau Steven_M Tracey_H Jesh_D 

     

    If you have supplied Ebay with your ABN then you could either use Fre or create a new tax code of NT (not tax).

     

    I am not impressed that the ATO would not answer your question for you but not surprised either, they are sometimes very unhelpful.

     

    The MYOB moderators can only point you in the correct direction or to the MYOB guidelines as they are not Registered Tax or BAS agents so it is actually against the law for them to advise on tax codings.

     

     

Julie_A_C's avatar
Julie_A_C
Ultimate Cover User

Hi shau Steven_M Tracey_H Jesh_D 

 

If you have supplied Ebay with your ABN then you could either use Fre or create a new tax code of NT (not tax).

 

I am not impressed that the ATO would not answer your question for you but not surprised either, they are sometimes very unhelpful.

 

The MYOB moderators can only point you in the correct direction or to the MYOB guidelines as they are not Registered Tax or BAS agents so it is actually against the law for them to advise on tax codings.

 

 

shau's avatar
shau
Experienced Cover User
5 years ago
Julie_A_C wrote:

Hi shau Steven_M Tracey_H Jesh_D 

 

If you have supplied Ebay with your ABN then you could either use Fre or create a new tax code of NT (not tax).

I can't decide between the two: FRE or N-T.  Is one more technically correct than the other in the case of eBay seller fees being GST-"exempt"?  Are there other advantages to coding it one way or the other?

  • Julie_A_C's avatar
    Julie_A_C
    Ultimate Cover User
    5 years ago

    Hi shau 

     

    Not really.  It would be more pertinent now on the Sales side.  It would have also been more when the BAS was the long version but it is now a simplified verson so you don't even record the amount of purchases, just the GST claimed back.

     

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.