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Evidence Guide: TLIX5049 - Determine indirect taxes

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

TLIX5049 - Determine indirect taxes

What evidence can you provide to prove your understanding of each of the following citeria?

Assess applicability of indirect taxes to goods, commodities and transactions

  1. Applicability of indirect taxes to goods and commodities is analysed and documented
  2. Allowable exemptions and specialised schemes relating to indirect taxes are researched for applicability to specific commodities and/or transactions
  3. Allowable exemptions are applied to goods and commodities in accordance with relevant legislation
  4. Accuracy of assessments is checked and verified
Applicability of indirect taxes to goods and commodities is analysed and documented

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allowable exemptions and specialised schemes relating to indirect taxes are researched for applicability to specific commodities and/or transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Allowable exemptions are applied to goods and commodities in accordance with relevant legislation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accuracy of assessments is checked and verified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate indirect taxes

  1. Correct rate of indirect tax on goods and services is identified and applied in accordance with legislative requirements
  2. Relevant information such as overseas freight and insurances is obtained as required
  3. Data is input into software application systems for indirect tax calculation
Correct rate of indirect tax on goods and services is identified and applied in accordance with legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Relevant information such as overseas freight and insurances is obtained as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Data is input into software application systems for indirect tax calculation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document indirect tax assessments

  1. Indirect tax assessment results are recorded on appropriate documentation in accordance with legislative requirements
  2. Rates and amounts of indirect taxes payable are checked for accuracy and are verified in accordance with workplace procedures
  3. Completed documentation is stored, retained and provided to clients and other relevant personnel as required in accordance with current Australian Customs Act and relevant legislation and workplace procedures
Indirect tax assessment results are recorded on appropriate documentation in accordance with legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Rates and amounts of indirect taxes payable are checked for accuracy and are verified in accordance with workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Completed documentation is stored, retained and provided to clients and other relevant personnel as required in accordance with current Australian Customs Act and relevant legislation and workplace procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Assess applicability of indirect taxes to goods, commodities and transactions

1.1

Applicability of indirect taxes to goods and commodities is analysed and documented

1.2

Allowable exemptions and specialised schemes relating to indirect taxes are researched for applicability to specific commodities and/or transactions

1.3

Allowable exemptions are applied to goods and commodities in accordance with relevant legislation

1.4

Accuracy of assessments is checked and verified

2

Calculate indirect taxes

2.1

Correct rate of indirect tax on goods and services is identified and applied in accordance with legislative requirements

2.2

Relevant information such as overseas freight and insurances is obtained as required

2.3

Data is input into software application systems for indirect tax calculation

3

Document indirect tax assessments

3.1

Indirect tax assessment results are recorded on appropriate documentation in accordance with legislative requirements

3.2

Rates and amounts of indirect taxes payable are checked for accuracy and are verified in accordance with workplace procedures

3.3

Completed documentation is stored, retained and provided to clients and other relevant personnel as required in accordance with current Australian Customs Act and relevant legislation and workplace procedures

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Assess applicability of indirect taxes to goods, commodities and transactions

1.1

Applicability of indirect taxes to goods and commodities is analysed and documented

1.2

Allowable exemptions and specialised schemes relating to indirect taxes are researched for applicability to specific commodities and/or transactions

1.3

Allowable exemptions are applied to goods and commodities in accordance with relevant legislation

1.4

Accuracy of assessments is checked and verified

2

Calculate indirect taxes

2.1

Correct rate of indirect tax on goods and services is identified and applied in accordance with legislative requirements

2.2

Relevant information such as overseas freight and insurances is obtained as required

2.3

Data is input into software application systems for indirect tax calculation

3

Document indirect tax assessments

3.1

Indirect tax assessment results are recorded on appropriate documentation in accordance with legislative requirements

3.2

Rates and amounts of indirect taxes payable are checked for accuracy and are verified in accordance with workplace procedures

3.3

Completed documentation is stored, retained and provided to clients and other relevant personnel as required in accordance with current Australian Customs Act and relevant legislation and workplace procedures

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

calculating indirect taxes accurately

completing documentation related to work activities accurately

communicating and liaising effectively with others when applying goods and services tax (GST) and other indirect tax legislation as part of customs broking activities

determining applicability of GST and determining other indirect taxes

documenting indirect tax assessments

identifying and interpreting:

luxury car tax (LCT) problems that may occur when applying indirect taxes and appropriate action that can be taken to resolve these identified problems

non-taxable importations rules

wine equalisation tax (WET) rules

reading and interpreting:

indirect tax schedules

instructions, procedures and information relevant to applying indirect tax legislation, as they relate to customs broking activities.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

applicable legislation and regulations:

A New Tax System (Goods and Services Tax) Act 1999, customs and other indirect tax legislation as they relate to implementing indirect tax legislation as part of customs broking activities

current Australian Customs Act and related legislation

export/import/quarantine/bond requirements

other indirect taxation legislation

basic operation of the GST system

calculations of GST on taxable importations

delivered duty paid (DDP) transactions and impact on GST

documentation and/or software system requirements for applying GST and other indirect tax legislation as they relate to customs broking activities

key features of GST legislation

GST:

accounting requirements

collection and remittance

input-taxed supplies

registration process

system overview

GST-free goods and supplies

impact of GST on:

customs functions

importers and exporters

non-taxable importation

roles and responsibilities of relevant Australian Government departments such as customs and taxation, as they relate to GST

scope and operation of GST deferral scheme

sources of information to identify GST-free goods and exemption codes

sources of information on new developments in GST legislation as they relate to customs broking activities

special rules for GST requirements

transport and insurance costs attracting GST.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions can be found in the Companion Volume Implementation Guide.