Category assigned to articles which are accessible to the public without membership.
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 receive salary or wages. The term salary or wages includes payments to employees, directors and office holders that are subject to pay as you go […]
FBT Q&A ‘ Are mayors and councillors employees for FBT purposes? Read More »
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 work itinerant in the following circumstances: Councillors currently work from a home office and are provided with hot desks to work at the Council Chambers,
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 is utilised. However, the minor benefits exemption is only used on a limited basis for other benefits. Answer: Section 58P of the FBTAA exempts certain
FBT Q&A ‘ Council access to minor benefit exemption (s. 58P) Read More »
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 home. Can the exemption of 58X FBTAA be used and can this be extended to include warranties? If, for example, the electronic portable devices cost
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 excesses payable by the insured to the insurer or smash repairer included in the car expenses calculation? Answer: In general terms, for FBT purposes the
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, provided the employer agrees to it and the benefit is sacrificed from prospective salary (i.e. salary yet to be earned). The real issue here is
FBT Q&A ‘ Salary Sacrifice for cost of skin checks Read More »
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 is timely to consider what may be necessary to prepare for the commencement of the Single Touch Payroll (STP) on 1 July 2017. The legislative
Payroll – Single Touch Payroll Read More »
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 the novation the lease obligations are transferred to the employer for either the term of the lease, or the period for which the employee is
FBT ‘ Prepayment of Novated Lease Read More »
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 Guideline PCG 2016/18 GST and countertrade transactions. PCG 2016/18 is intended to relieve taxpayers from strict GST compliance for certain transactions where consideration is provided
GST ‘ Countertrade Transactions Read More »
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 for local councils to ensure all activities for which they pay wages are eligible for payroll tax exemption. The general design of State payroll tax
Eligibility ‘ Local Councils and Payroll Tax Exemption Read More »
