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Category: FBT

14 April 2023 - GAP Accountants

Until recently, the FBT consequences for providing electric cars to employees were effectively the same as any other …

11 April 2023 - GAP Accountants

The 2023 FBT year ended on 31 March, so it is now time for employers to get ready …

03 February 2023 - GAP Accountants

Legislation to make certain electric vehicles exempt from Fringe Benefits Tax (‘FBT’) has now been enacted into law.
Certain …

09 April 2022 - GAP Accountants

The ATO has proposed for individual taxpayers that use the cents per kilometre method when calculating tax deductions …

12 August 2021 - GAP Accountants

Recent legislative amendments mean that employers who provide training or education to redundant (or soon to be redundant …

18 June 2021 - GAP Accountants

The car parking threshold for the FBT year commencing on 1 April 2021 is $9.25.
This replaces the amount …

08 May 2021 - GAP Accountants

Following a successful multi-year pilot, the ATO’s small business independent review service will be offered permanently as a …

13 April 2021 - GAP Accountants

The ATO has updated its webpage containing the fringe benefits tax (‘FBT’) rates and thresholds for the 2017/18 …

14 December 2020 - GAP Accountants

The government has announced it will introduce an exemption from FBT for retraining and reskilling benefits provided by …

10 March 2020 - GAP Accountants

Where businesses provide car parking fringe benefits to their employees, the taxable value of these benefits must be …

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