Exempt car and residual benefits: - NEW RULES RELEASED 3 WEEKS AGO
16 January 2018
New draft guidelines have been published.
Once completed, these guidelines will apply for the 2018 FBT years and later years.
The guidelines create new rules for determining whether or not the use of a vehicle by an employee will qualify as exempt.
The draft contains very important information relating to
- where your employee uses the vehicle to travel
- how often your employee uses the vehicle to travel
- what new records are required to be kept
- the conditions to be satisfied before the ATO will not subject you to compliance testing by the ATO of exempt vehicle usage
WE WILL COVER THESE NEW DEVELOPMENTS IN OUR FBT SEMINAR SERIES