Institute of Certified Bookkeepers
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Restautant tips

  • Member in Employment
  • 1 post
  • # 117959

HI 

Dose anyone know how to record tips paid by a company at a restautant? 

The meal is recored as entertainment with the GST as shown on the invoice. I know there is no GST on the volantary tip, what i don't know if I should record it as entertainment (GST free) and included in the FBT return?

If you could let me know that would be great.

Thanks

Fenella

 

  • Fellow in Practice
  • Practice Certificate
  • 266 posts
  • # 118008

HI

 

Are we talking about the tip paid to the employee or the tip being paid by a company rep?  Have a look our our resources on tipping and hopefully that will answer your questions

https://www.icb.org.au/Resources/GST--BAS/Restaurant-Tips

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