The ATO advises that tax agents have told it that it can be difficult to lodge FBT returns on time if their clients do not provide them with the necessary information.
Accordingly, the ATO is writing to taxpayers who lodged their 2013 FBT returns late, or are yet to lodge, to remind them of their obligations for this year. Some of these taxpayers may be clients of agents.
The letter will advise taxpayers:
- to get their FBT information from their salary packaging or leasing firms as soon as possible
- to provide their tax agent with all of the information by the end of April (to allow agents to complete their return, lodge it on time and avoid penalties).
The ATO says that it anticipates this letter will help to ensure that agents can meet the 85% on-time performance benchmark when lodging their clients 2013-14 FBT returns.