Method of calculating GST content for Student fee invoices
Michael Saywell made this Official Information request to Victoria University of Wellington
The request was successful.
From: Michael Saywell
Dear Victoria University of Wellington,
Please provide me with the formula or method by which the GST content on student fee tax invoices is calculated. If this is not done using either of the two methods suggested by the IRD, please explain why. The two methods suggested here on page 7 - http://www.ird.govt.nz/resources/7/1/718... are multiplying the GST inclusive content by 3/23 as a fraction, or dividing the GST inclusive content by 7.6 recurring truncated at 8 decimal places (7.66666666).
In addition, please confirm whether the GST content stated on student fee tax invoices is the amount paid to the IRD, or if the GST paid is calculated by a different system.
Yours faithfully,
Michael Saywell
From: Michael Saywell
Dear Victoria University of Wellington,
I am yet to receive a response to my request sent 5 February 2015.
Yours faithfully,
Michael Saywell
From: OIA Requests
Victoria University of Wellington
Dear Michael,
Please find attached the response to your OIA request.
On 5/02/15 2:30 pm, "Michael Saywell"
<[OIA #2474 email]> wrote:
>Dear Victoria University of Wellington,
>
>Please provide me with the formula or method by which the GST content on
>student fee tax invoices is calculated. If this is not done using either
>of the two methods suggested by the IRD, please explain why. The two
>methods suggested here on page 7 -
>http://www.ird.govt.nz/resources/7/1/718...
>rate-changes-0910.pdf are multiplying the GST inclusive content by 3/23
>as a fraction, or dividing the GST inclusive content by 7.6 recurring
>truncated at 8 decimal places (7.66666666).
>
>In addition, please confirm whether the GST content stated on student fee
>tax invoices is the amount paid to the IRD, or if the GST paid is
>calculated by a different system.
>
>Yours faithfully,
>
>Michael Saywell
>
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