FBT Compliance update The ATO has provided the following update on its current FBT compliance activities: Non-lodgment of FBT returns – reviews are being undertaken of 50 employers who included reportable fringe benefits amounts on employee payment summaries but did not lodge a corresponding FBT return. Early responses relate to cases where employers incorrectly included […]
What happens when two employees use the same car?
What happens when two employees use the same car? At a recent meeting of the ATO’s FBT sub-committee, the ATO was asked: “What happens when two employees, both using log books, use the same car and get different percentage uses?” Let’s look at an example of how this may work and what is a reasonable […]
FBT return lodgement date change
FBT return lodgement date change In consultation with the tax profession, the ATO has changed the lodgement due date for all tax agents lodging 2014 FBT returns electronically, regardless of the number of FBT clients agents have. Due dates for lodgement of 2014 FBT returns lodged: electronically – the due date is 25 June 2014; […]
