FBT and motor vehicles: a gentle reminder: it is timely to remind ourselves of the requirements that must be met if an employer intends to 1rely on the Work Related Vehicle exemption from FBT, Scott Mason explains.(On Accounts)Mason, Scott...
Changes to FBT on motor vehicles: the recent Budget announced changes in the way that fringe benefit tax will apply to motor vehicles, effective from 1 April 2006. Tony Thomas looks at some of the implications.(on accounts)Thomas, Tony
So here are the myths and realities of fringe benefits.MYTH 1 -- MOTOR VEHICLES: You don't pay FBT on company cars. As soon as your team starts taking the company car home at night, uses it to travel to and from work, uses it on weekends, or for its own purposes then FBT will ...
Thomas, Tony