We would like to assist you in identifying if you have any Fringe Benefit Tax (FBT) obligations. Whilst your business may not be registered for FBT, it is very important that you actively determine whether or not you have incurred a FBT liability during the FBT year.
 
For more information on what a Fringe Benefit and FBT are, please click here. 
 
If you are registered for FBT, the return is due for lodgement and payment by 25 June 2022.
 
The FBT year ended on 31 March 2022 and is an area of focus for the Australian Taxation Office (ATO).

What you need to do

Please complete our questionnaire here.

If you answer ‘no’ to all the questions, there is no further action for you to take. We will keep a copy of your questionnaire on file for our records.
If you answer ‘yes’ to any of the questions, we will be in contact with the next steps.

What employers need to know about FBT 2022

We have outlined the key issues for employers this FBT year in this article: FBT 2022: What you need to know 

• COVID-19 assistance and benefits
• Motor vehicle problem areas
• ATO ‘red flags’ around mismatched FBT and income tax amounts
• When business assets are used personally by owners and staff
• Not lodging FBT returns
• Salary sacrifice and superannuation guarantee
• Car parking changes
• Travelling or living away from home
• New exemption for retraining and reskilling benefits
• Housekeeping essentials

As always, do not hesitate to contact us.