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Notes Online Home 2022 FBT Meal Entertainment – minimise audit risk
Methods for valuing meal entertainment
In this segment of the seminar notes we look into Methods for valuing meal entertainment. More specifically:
- A ‘no frills’ guide to calculating FBT payable under the actual method
- Valuing meal entertainment under ‘50/50 split’ method
- Comparing the ‘actual’ and ‘50/50 split’ methods
- Decision matrix for choosing between the valuation methods
- Completing the 2022 FBT return for meal entertainment