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FBT – Car parking fringe benefits – ATO restatement and expansion of the net

Heads up – the ATO has issued some revised material on car parking fringe benefits. Two recent ATO documents cause us to take another look at the issue of car parking fringe benefits. In fairness, most of the ATO efforts have gone into updating its public commentary about when a car parking fringe benefit arises …

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Categories FBT

FBT – Road and bridge tolls – for whom does the FBT bell toll, employer or employee?

Where an employer pays/reimburses an employee’s road toll expenditure or allows the employee to use the employer’s electronic road toll tag, a fringe benefit may arise, depending on the particular usage of the vehicle. Payment/reimbursement of an employee’s road toll expenses is prima facie an expense payment fringe benefit. Use by an employee of an …

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Categories FBT

FBT Q&A – Work related preventative health care: In-house massage

Is provision of an in-house therapeutic massage for all employees an exempt fringe benefit? Question We are considering providing in-house therapeutic massage for all employees. Is this an exempt fringe benefit pursuant to the ‘work related preventative health care’ exemption? The preventative health care component will consist of: massage to reduce tightness in muscles and …

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Categories FBT

FBT and Payroll – Remote area tax concessions and payments

Heads up, there may be some changes to remote area tax concessions and payments. The Productivity Commission has suggested reforms. The Productivity Commission has called for significant reforms to the tax concessions and payments to residents and businesses in remote Australia, so they are better targeted and fairer. The Commission was asked to review three …

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FBT alert: Ride-sharing travel services

Relief from discrepancy in the FBT treatment of taxi travel and riding-sharing travel services is ‘in hand’. Long-standing readers of the TaxEd newsletter will be familiar with the tortuous history of ride-sharing travel services for tax purposes, especially in relation to FBT. Current treatment of ride-sharing travel services The nature of ride-sharing travel services, particularly …

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Categories FBT