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Notes Online Home 2017 FBT Other critical developments for FBT in the 2017 year
New rules create nightmare for employers reimbursing employee car expenses
In this section of the seminar notes we look at the new rules creating nightmares for employers reimbursing employee car expenses. In particular, the following:
- Amendments to the law reduce methods available to apply the otherwise deductible rule from 1 April 2016
- The interaction between FBT and income tax
- NTAA table summarising record keeping requirements for employers reimbursing employee car expenses