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Notes Online Home 2017 FBT Other critical developments for FBT in the 2017 year
ATO confirms employers who fail to recover overpaid salary payments face FBT bill
In this section of the seminar notes the ATO confirms employers who fail to recover overpaid salary payments face FBT bill. We expand on this with the following:
- ATO guidance confirms loan fringe benefits can arise where a payment of overpaid salary is delayed
- ATO confirms that an employer may be subject to FBT where they fail to recover overpaid salary