GST on ticket prices?
Tue, 7 Dec 1999, 07:17 pmGrant Malcolm11 posts in thread
GST on ticket prices?
Tue, 7 Dec 1999, 07:17 pmIn the light of the current controversy over registered charities and the GST, i couldn't help wondering what companies were planning to do with respect to ticket prices.
My limited understanding is that there will be no requirement on community theatre companies to charge GST on their tickets unless they have a turnover of $100,000 or more. Can anyone confirm this?
Clearly theatre companies will be paying GST on all their inputs, so they'd be crazy not to consider passing on this expense.
Thoughts?
Cheers
Grant
My limited understanding is that there will be no requirement on community theatre companies to charge GST on their tickets unless they have a turnover of $100,000 or more. Can anyone confirm this?
Clearly theatre companies will be paying GST on all their inputs, so they'd be crazy not to consider passing on this expense.
Thoughts?
Cheers
Grant
RE: GST on ticket prices?
Thu, 9 Dec 1999, 10:03 pmIn next months LINK there will be an article on the effects, or likely effects of the GST on amateur theatre companies. Compiled by David Young the item will have a FAQ section.
I don't know what everyone else is doing but I am having a degree of difficulty in convincing my home club that ticket prices will need to go up a bit. You are correct in saying that companies with a turnover of less than $100,000 annually will not need to register (Apparantly Wanneroo are the only club in WA likely to be so affected - 'lucky' them) but if we don't then we can't claim anything back but will have to wear the costs. I don't think many clubs have quite appreciated the likely situation. Perhaps David's article will help.
Norma.
I don't know what everyone else is doing but I am having a degree of difficulty in convincing my home club that ticket prices will need to go up a bit. You are correct in saying that companies with a turnover of less than $100,000 annually will not need to register (Apparantly Wanneroo are the only club in WA likely to be so affected - 'lucky' them) but if we don't then we can't claim anything back but will have to wear the costs. I don't think many clubs have quite appreciated the likely situation. Perhaps David's article will help.
Norma.
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