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01 Mar 11 Taxpayer could not choose margin scheme in AAT proceedings - Cyonara Snowfox

The AAT has held (contrary to the taxpayer's arguments) that, in relation to s 75-5 of the GST Act (as in force in relation to supplies made before 17 March 2005), a taxpayer could not choose to apply the margin scheme in the course of the AAT "working out" the taxpayer’s liability under a GST assessment. Such a construction was contrary to the scheme of the GST Act: Cyonara Snowfox Pty Ltd and FCT [2011] AATA 124 (25 February 2011).

 


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