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Notes Online Home 2019 FBT What’s new for FBT in 2019
ATO confirms FBT nightmare for employees being entertained by clients, suppliers etc.
In this section of the seminar notes we will investigate the ATO confirming the FBT nightmares for employees being entertained by clients and suppliers. In more detail:
- When will a benefit provided by a third party give rise to a fringe benefit?
- Can employers claim FBT-exemptions in relation to third-party benefits?
- ATO confirms FBT nightmare for valuing third-party fringe benefits
- Can an employer claim an income tax deduction in respect of a third-party benefit?
- Summary table of issues to consider in relation to the provision of third-party benefits