PCG 2018/3 provides practical guidance on complying with car-related exemptions for FBT. This Q&A helps clarify requirements that must be met if you choose to rely on the guidance.
Do you provide a vehicle to an employee on ‘emergency on-call’? We have received an increasing number of queries from employers about the FBT implications of providing ‘workhorse’ vehicles to employees that are on-call.
FBT Q&A – Is the reimbursement for the cost of an employee’s contact lenses a reportable fringe benefit?
Question Can you please advise if reimbursing an outside employee for contact lenses is a reportable fringe benefit?
Question We are considering a scheme where employees are able to salary sacrifice the cost of an e-bike for commuting purposes. We wish to confirm that these e-bikes are not subject to FBT as they are under the same part of the legislation as Tool of Trade vehicles and are able to be used for […]
Car fringe benefits: Recipient payments received after FBT year-end but before lodgement. What can I do?
Can the taxable value of a car fringe benefit be reduced by a recipient’s payment that has been made after the end of the Fringe Benefits Tax (FBT) year but prior to the lodgment of the FBT return?
Question Our employees sometimes receive gifts from third party organisations such as suppliers, contractors and cultural/arts/sports/professional association bodies. Gifts received can be tickets to theatre performance/sport event/professional forum, lunches, a box of chocolates, a bottle of wine etc. These gifts are recorded in a gift register with estimated values and signed by divisional managers. However, we […]
FBT – PCG 2018/3: Exempt car benefits and exempt residual benefits: compliance approach to determining private use of vehicles
The ATO has finalised its draft Practical Compliance Guideline with respect to its compliance approach in relation to determining private use of exempt vehicles. This article considers the practical relevance of both the draft and finalised Guidelines.
Question When determining our FBT liability in regard to the various cars provided to staff for commuter travel, are we able to choose between the statutory method and log book method so as to use the method that results in the lowest FBT amount payable?