Fringe Benefit Tax Return Lodgements Now Due

Fringe benefit tax returns for the fringe benefit tax year ended 31st March 2015 are due for lodgement by 25 June 2015.

Fringe benefit tax, whilst relating to benefits that have been made available to employees, is a tax payable by the employer. The fringe benefit tax rate for this year is 47%.

Items to consider as fringe benefits include:

·         car fringe benefits ·         airline transport benefits
·         loan fringe benefits ·         living away from home allowance benefits
·         debt waiver fringe benefits ·         entertainment benefits
·         expense payments ·         car parking benefits (in some cases)
·         housing benefits ·         property benefits
·         board benefits

If you would like our assistance in the preparation of your fringe benefit tax return, please don’t hesitate to contact us at your earliest opportunity.

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