In October 2016 the ATO released Practical Compliance Guidelines PCG 2016/10 - Fleet Cars: simplified approach for calculating car fringe benefits which allows for an optional, simplified approach to working out the business use percentage component of the operating cost method for employers with a fleet of 20 or more ‘Tool of Trade’ cars. Continue reading
April 2017 Release
The following changes and enhancements have been made in the April 2017 release of easyFBT 2017 (2017.1.0.3):
Fringe Benefit Tax (FBT) Return 2017 and SBR Interactions
The ATO Fringe Benefit Tax (FBT) Return 2017 form has been added to this version and can be produced as a paper form for manual lodgement with the ATO as per prior years or when using the SBR Interaction Manager to lodge electronically.