will be making supplies both immediately before and immediately after midnight. How do I account for the new rate? It is accepted that in practice it will be difficult to identify the precise point when sales should be returned at the new GST rate in the above circumstances. However, similar issues will arise for this group of taxpayers at the end of each GST reporting period, as businesses who trade on a 24/7 basis, or who make supplies at midnight on the last day of any GST reporting period need to have a notional cut-off time. The cut-off time delineates when sales for one period cease and sales begin to be made for the next period. Inland Revenue have advised that businesses should follow the same process they normally use to determine which GST return a sale around the end of one GST period is made in. For example, Jim is registered for GST on the payments' basis. He operates a bar that trades past midnight every night. It would be assumed that when Jim does his banking on Friday 1 October, the amount that he banks would relate to the sales that his bar made before 1 October. Private Training Establishments (PTE): As a registered PTE, my students' course fees are required to be paid into a trust. As the course progresses, the trust progressively releases these course fees to my PTE. Does the 15 percent GST rate apply to the amounts that are released by the trust to