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13 Sep 13 FBT Lodgment Program 2013-14

On Wednesday 28 August 2013, Greg Kent CTA (PWC) and Gary Matthews ATI (Pitcher Partners) attended a meeting with the ATO to discuss aspects of the FBT Lodgment program from 2013-14. Following the discussion, the ATO is looking to increase its communications to taxpayers directly around the importance of meeting FBT compliance obligations, including to the salary packaging and leasing companies, and to apply late lodgment penalties and a risk rating approach to encourage better on-time lodgements.

Members who seek further information in relation to the above should contact us at Tax Policy.