Consideration definition expanded to include reimbursable costs and amounts retained by lottery distributors for taxable services. Section 67's Explanation is amended to substitute clause (a), defining consideration to include: (i) amounts payable for taxable services; (ii) reimbursable expenditure or costs charged by the service provider in providing or agreeing to provide a taxable service, subject to prescribed circumstances and conditions; and (iii) amounts retained by lottery distributors or selling agents from gross lottery ticket sales in addition to any fee, commission or discount, i.e., the difference between a ticket's face value and the price at which the distributor or selling agent acquires it.
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Provisions expressly mentioned in the judgment/order text.
Consideration definition expanded to include reimbursable costs and amounts retained by lottery distributors for taxable services.
Section 67's Explanation is amended to substitute clause (a), defining consideration to include: (i) amounts payable for taxable services; (ii) reimbursable expenditure or costs charged by the service provider in providing or agreeing to provide a taxable service, subject to prescribed circumstances and conditions; and (iii) amounts retained by lottery distributors or selling agents from gross lottery ticket sales in addition to any fee, commission or discount, i.e., the difference between a ticket's face value and the price at which the distributor or selling agent acquires it.
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