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
the Fringe benefit tax was introduced in 1986. The government designed the tax benefit to assist the employees calculate their employees non-cash benefits. The employees valued their non-cash benefits at too low a value which led