What is the tax code for bank charges - monthly plan fee & merchant fees please?

Vanessa_10085275

Vanessa_10085275 Member Posts: 39 Reckoner

July 2023 in Accounts Hosted

What is the tax code for bank charges - monthly plan fee & merchant fees please?

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Acctd4 Accredited Partner Posts: 4,182 Reckon Accounts Hosted Elite Expert

July 2023

Hi Vanessa
Bank account/transaction fees are usually GST-free so these are NCF.
Merchant Fees tend to include GST so these are NCG.

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