Lodge an FBT return and pay FBT by 21 May
Employers who provided fringe benefits in the FBT year (1 April – 31 March) must lodge by 21 May.
Who must comply
Employers who have provided fringe benefits during the FBT year.
What triggers it
Providing fringe benefits.
When due
21 May annually (or extended date through tax agent).
Evidence required
FBT return, benefit valuations, employee declarations, log books (cars).
Max penalty
Failure-to-lodge penalties, general interest charge, shortfall penalties for understatement
Summary
Employers providing fringe benefits to employees or associates must self-assess FBT, lodge an FBT return, and pay any FBT owed by 21 May. Tax agents may have lodgement extensions. The FBT year runs 1 April – 31 March. Common benefits include cars, expense payments, LAFHA, entertainment, and salary packaging.
Enforced by
Source legislation
Topics
Source: https://ato.gov.au/businesses-and-organisations/fringe-benefits-tax. Rules Mate is not a law firm. Always verify against the live regulator source before acting.