06 Feb 15
Happy New (FBT) Year from the ATO
MEMBER 9 writes:
"As we hit 2015 and the promise that things will get better from the ATO, in my first batch of mail for the year were two $1,100 penalties for clients for failure to lodge. The failures to lodge were in respect of FBT returns. One was for 2006, the other for 2005.
Thank you for that welcome to the new year from the ATO. No fringe benefits were provided in either of those years, and we didn’t receive a reminder to lodge before the receipt of the penalty notices.
We lodged 'no FBT returns necessary' for both clients and now will attempt to get the penalties remitted. This is going to be a long year…"