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FBT Q&A ‘ Log book ‘purpose of journey’ description
Question: We utilise the operating cost method to determine our car fringe benefits liability. We are experiencing difficulties with obtaining valid entries for the ‘purpose of the journey’ requirement for…
FBT Q&A ‘ Pooled car: use of car by two or more employees
Question: We provide a car to an employee to enable them to commute between home and work. During the day the same car is allocated to the pool car fleet…
FBT Q&A ‘ Are mayors and councillors employees for FBT purposes?
Question: Could benefits provided to local government Mayors and Councillors be subject to fringe benefits tax? Answer: An employee for FBT purposes is essentially an individual that is entitled to…
FBT Q&A ‘ Whether the work of Councillors with home office and hot desk in Council Chambers is itinerant
Question: The following question is asked in the general context of whether car logbooks should treat trips from a councillor’s home to Council as being business in nature. Is Councillor’s…
FBT Q&A ‘ Council access to minor benefit exemption (s. 58P)
Question: In relation to s. 58P exemption (minor benefit), can you please clarify when a Council can utilise this? Currently, the minor benefits exemption for tax exempt body entertainment benefits…
FBT Q&A ‘ Application of s. 58X (provision of certain work related items) where supplemental warranty purchased
Question: For each of the following scenarios, can you please advise if FBT would be attracted: A Council pays for electronic portable devices and provides to employees for use at…
FBT Q&A ‘ Whether an insurance excess is included in a car expense calculation under s. 10
Question: In relation to Car Fringe Benefits where the taxable value is calculated under Section 10 of the Fringe Benefits Tax Assessment Act 1986 – Operating Cost Method, are insurance…
FBT Q&A ‘ Salary Sacrifice for cost of skin checks
Question: We would like to know that staff can salary sacrifice the payment that they pay for skin checks? Answer: Staff can salary sacrifice any expense item which they incur,…
Payroll – Single Touch Payroll
Further to our articles Payroll – Single Touch Payroll and Payroll – the Advent of Single Touch Payroll in the May and November 2016 newsletters, as 2017 gets underway, it…
FBT ‘ Prepayment of Novated Lease
As part of a salary sacrifice arrangement an employee will often enter into a novated lease arrangement with their employee for the provision of a car. Under the terms of…
GST ‘ Countertrade Transactions
In our November 2016 Tax Update we discussed the difficulties caused for GST compliance where consideration is provided in non-monetary form. The difficulties led the ATO to issue Practical Compliance…
Eligibility ‘ Local Councils and Payroll Tax Exemption
A recent case, Snowy Monaro Regional Council v Chief Commissioner of State Revenue [2017] NSWCATAD 14, a decision of the New South Wales Civil and Administrative Tribunal, is a reminder…