The ATO has released more detailed public guidance on the new electric vehicle FBT exemption and finalisation of TR 2021/21. Both though are live matters for 2022/23 FBT compliance and employers need to be across the ATO announcements.
ATO updates: Electric vehicles and car parking ruling TR 2021/2 Read More »
Legislation has received Royal Assent. Here are all the facts and what it means for Governments and NFPs.
The FBT exemption for electric vehicles – fully switched on Read More »
As at 1 December 2022 legislation implementing the Government’s proposal to provide an FBT exemption for certain electric vehicles is still progressing through Parliament. Here’s our update.
FBT & the electric vehicles exemption: the state of play Read More »
TR 2021/2 saw a change (effective 1 April 2022) to a longstanding ATO position. Read what it is and what it means for 2022/23.
FBT & car parking: the verdict so far… Read More »
Question I am new to working for a Public Benevolent Institution, and am wondering how salary sacrificed amounts impact the organisations payroll tax, workers compensation and other obligations. The organisation only allows employees to salary sacrifice amounts up to the FBT exemption cap so does not pay FBT. Answer Where an organisation allows an employee
Member Q&A: salary sacrifice at a Public Benevolent Institution and its impacts Read More »
Question We are a not-for-profit (NFP) sports club. We currently self-assess that we are income tax exempt. We have the opportunity to lease and operate a local café (located away from our sports facilities and open to the public). We expect that new café revenue will be equal to the existing sports club revenue, and
Member Q&A: Will new activities jeopardise an NFP’s income tax exemption? Read More »
The Victorian Government recently announced the $5 million Small Business Specialist Advice Pathways program, granting eligible applicants $2,000 to cover the cost engaging a qualified service provider to assist with legal or financial advice. The program is aimed at supporting small business around Victoria to help them make informed business decisions, and plan for the
New grant for Victorian Small Businesses Read More »
In our previous article, we explained the interaction between the meal entertainment provisions and the minor benefits exemption. We explained that whilst the minor benefits exemption does not directly apply to meal entertainment, the exemption can apply indirectly when using the 12-week register method. This indirect application occurs when calculating the register percentage by way
The 12 week meal entertainment register method: some worked examples Read More »
What happens to payroll tax exemption when procuring workers through labour hire/employment agents? Where a labour hire/employment agent can claim a flow through payroll tax (‘PRT’) exemption the amount payable by the end user should reflect this saving. As an example, Local Council A requires workers at a community festival. Council A approaches a local labour
The flow on effects of payroll tax exemption Read More »
Question Our organisation generally elects to use the 50/50 method in the Division 9A ‘meal entertainment’ provisions of the Fringe Benefits Tax Assessment Act 1986 (the ‘FBT Act’). Can we use the ‘minor benefits’ exemption to disregard ad-hoc meal entertainment costing less than $300 (including GST) per recipient? Answer When using the meal entertainment provisions,
Member Q&A: Does the 12 week register method reduce FBT for meal entertainment? Read More »
