Published on 06 Apr 21
by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission to the ATO in relation to the draft Taxation Ruling TR 2021/D1, Income tax and fringe benefits tax: employees: accommodation and food and drink expenses, travel allowances, and living-away-from-home allowances and the draft Practical Compliance Guideline PCG 2021/D1, Determining if allowances or benefits provided to an employee relate to travelling on work or living at a location.
This submission was developed in close consultation with The Tax Institute’s FBT & Employment Taxes Technical Committee in order to obtain a breadth of views on issues that impact our broader membership.
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.