Contacts - Include an overseas supplier ARN (ATO Reference Number) in contact record
A number of overseas entities, may be registered to charge GST to AU customers, particularly if they are selling digital services into AU. Many of these entities are registered with an ARN (ATO Reference Number), rather than an ABN.
If registered with an ARN, they can charge GST, however the recipient of the service cannot claim the GST credits.
For Xero users, it would be great to be able to include the ARN as part of the contact record - ideally in the ABN field, and potentially with a checkbox to indicate that this is an ARN instead of an ABN. Also means that Xero could auto default the GST treatment on the Purchase to GST Free Expenses, as GST credits cannot be claimed.
Cassandra Scott
shared this idea
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Paula Wyeth
commented
This would be helpful, especially in files with a lot of overseas subscriptions.
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Edward Henry FIPA FFA
commented
Great idea Cassandra. I believe this would be a benefit to our record keeping