The 2022 Fringe Benefits Tax (FBT) year ends on 31 March 2022.

Lodgements and payments for FBT returns will be due 27 June 2022.

How do I know if I need to consider FBT?

Do you make vehicles available to employees for private use that are either owned or leased by your business?
Has your business forgiven any debts owed by employees?
Does your business provide loans at a reduced interest rates to employees?
Has your business paid for, or reimbursed, any private expenses incurred by employees?
Does your business provide a house or unit of accommodation to employees?
Does your business provide employees with living-away-from-home allowances?
Do any employees have a salary package (salary sacrifice) arrangement in place?
Does your business provide entertainment by way of food, drink or recreation to employees?
Has your business provided employees with goods at a lower price than they are normally sold to the public?

What to do?

In preparation for an FBT return for the year ended 31 March 2022, be sure to:
Have your motor vehicle logbook up to date (required for 3 months every 5 years)
Write down (or email us) your closing odometer readings as at 31 March 2022.