Quote:
Originally posted by CoolE
Interesting stuff above.
I've been through two GST audits in the last 4 years.
My first when all my income was as an affiliate. My accountant wrote a letter explaining how the income was all sales commission paid from US companies, and they were satisfied with that.
The second was this last summer. My income for the tax year was now 95% from my own paysite, so the situation was different. This time the accountant explained in a letter how the members are CCBill's member's (and not really mine) as proven by the fact that I do not have access to their credit card numbers at any time and CCBill has primary control over the usernames and passwords, and therefore again the sales revenue is zero-rated. Again, they were satisfied with that.
That's not to say that this is is the end of it. The accountant said that the GST tax code is somewhat vague in this area. But the info we supplied seemed to satisfy the particular auditor we had.
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I'm wondering if the difference would be if you were using your merchant account or their merchant account?
Quiet - (not sure If I should ask this and don't answer if you feel it breaks some sort of confidential info) do you have your own merchant account or do you use Ibill's?
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