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.