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Australia only

This page is for 2015 FBT returns only.

Click Calculation details at the top of the page to show the fields on this part of the form. 

Each fringe benefit category has specific valuation rules. Use this section of the FBT return form to:

  • calculate taxable value of any benefit for each category
  • calculate the payment or credit due

It's a good idea to save the return regularly while you're filling in the details, so that your changes are saved to your practice database – click Save at the top of the page.

Filling in the calculation details

Grey fields are not relevant and you can't fill them in. Don't use commas in any fields.

FieldWhat to do
Type of fringe benefits provided

Before you can calculate the taxable value of any benefit, you need to identify the category the benefit falls into – the ATO's Types of fringe benefits page describes the categories.

Number

For each type of fringe benefit provided, type the number of that type that the client provides to their employees.

This only applies for some types of fringe benefit.

Gross taxable valueType the gross taxable value provided for each type of benefit.
Employee contribution

Type the amount that the employees contributed for each type of benefit.

This only applies for some types.

Value of reductions

Type the amount by which benefits of that type have been reduced.

This only applies for some types.

Is the employer a rebatable employer?

Select Yes or No.

If your client’s organisation is a rebatable employer, the ATO gives concessional FBT treatment to certain benefits they provide to employees.

Is the employer a hospital, ambulance, public benevolent institution, or health promotion charity?

Select Yes or No.

If your client’s organisation is one of these employer types, the ATO gives concessional FBT treatment to certain benefits they provide to employees.

From 3 December 2012, charities must be registered with the ACNC and endorsed by the ATO to get this concession – this affects religious and charitable institutions. Charities that were endorsed by the ATO as income tax exempt charities immediately before 3 December 2012 are automatically registered with the ACNC – they don’t need to re-register. Charities that were not endorsed by the ATO as income tax exempt charities before 3 December 2012 must register as a charity with the ACNC and then be endorsed by the ATO to access charity tax concessions, including the FBT rebate for registered charities.

Type 1 aggregate amount

if your client is a rebatable employer, type the type 1 fringe benefits aggregate amount.

Otherwise, leave this field blank.

Type 2 aggregate amount

if your client is a rebatable employer, type the type 2 fringe benefits aggregate amount.

Otherwise, leave this field blank.

Aggregate non-exempt amount

if the client is a hospital, ambulance, public benevolent institution, or health promotion charity, type the aggregate non-exempt amount.

If the client is a rebatable employer, leave this item blank.

Aggregate non-rebatable amount

For rebatable employers, type the aggregate non-rebatable amount.

If the client is a rebatable employer, the total grossed-up value of benefits the client can provide to each employee (without losing the existing concessions) is $30,000.  If the total gross value of the fringe benefits provided to an individual employee exceeds $30,000, the client cannot claim a rebate for the FBT liability on the excess amount. This is called the “aggregate non-rebatable amount” .

The aggregate non-rebatable amount cannot be greater than the amount of tax payable.

Less instalment amounts reported on activity statements

Add together the FBT instalment amounts the client reported on your four activity statements for the FBT year and type the total amount in this field.

The ATO will credit this amount against the client’s FBT liability for the year. Don't include any amount your client paid for penalties or any other year’s liability.

If the client pays their FBT by instalments, you must lodge all of the Activity Statements for the FBT year (including the March quarter), before lodging the FBT return. The ATO can then update the client’s FBT account. If all Activity Statements are not lodged before lodging the client’s FBT return, the return will remain unactioned until all instalments are paid.

Tax agent details

The following tax agent details are pre-filled from information in the Tax settings page. If there is missing information, make sure that you have completed those details – see Adding a tax/BAS agent for FBT returns.

  • Contact name
  • Phone number
  • Registration number
  • ABN

Type the name of someone authorised to sign this return in the Person authorised to sign this return field. Any person who has charged, or will charge, a fee for preparing this return – either directly or indirectly – must sign this declaration.

Name of employer authorised to sign this return

Type the name of the employer authorised to sign this return.

You don't need to get the client to sign the return here. However, you must obtain approval from the client stating that:

  • the information they provided is true and correct
  • they have authorised the agent to lodge the return.
Validating what you've entered

To check the values you're entering into the return, select Validate from the drop-down beside the Save button at the top of the page.

Any missing details will be displayed in a red error box at the top of the form.

When you've added those details, save the form and validate again. The message “Validation completed successfully” will display at the top of the form, and the return is ready to be finalised – see Approve and lodge an FBT form.

Selecting Validate will check for missing information in both the Business details and Calculation Details sections of the form.

Saving the return

Click Save at the top of the page to save your changes to your practice database.