18 Mar 2021 FBT
Do your clients need to lodge a 2021 FBT return?
Help your clients work out what is considered a fringe benefit and what to do if they need to lodge a FBT return. Note that some fringe benefits provided to employees during COVID-19 may be exempt from FBT.
More information can be found here.
2021 FBT return
You must lodge a 2021 FBT return if you have a fringe benefits tax liability.
Your due date to lodge the return and pay the liability for the FBT year is 21 May 2021, unless either the ATO accepts a request you make for an extension of time to lodge or a registered tax agent lodges your return electronically and meets the ATO’s lodgment program requirements for FBT.
More information can be found in the links below:
Current FBT rates and thresholds
The FBT year runs from 1 April to 31 March.
The following FBT rates and thresholds for the 2017–18 to 2021–22 FBT years can be found below. An FBT rate of 47% applies across these years.
- Gross up rate: Type 1 and Type 2
- Reportable fringe benefits
- Capping of concessional FBT treatment for certain employers
- Record keeping exemption threshold
- Car fringe benefits statutory formula rates
- Deemed depreciation rate – cars
- Motor vehicle (other than a car) – cents per kilometre
- Car parking threshold
- Statutory or benchmark interest rate
- Housing indexation figures
- Reasonable food and drink amounts for employees living away from home (LAFHA) – in Australia
- Reasonable food and drink amounts for employees living away from home (LAFHA) – overseas
Historical FBT rates and thresholds
Historical FBT rates and thresholds for the 2012–13 to 2016–17 FBT years can be found here.