Our Recent Blogs
Start thinking about your FBT obligations.
The 2023 FBT year ended on 31 March, so it is now time for employers to get ready to lodge their 2023 FBT returns, where they have provided benefits to their employees between 1 April 2022 and 31 March 2023.
Electric Vehicle Exemption receives Royal Assent.
Since the Government announced the introduction of the Treasury Laws Amendments (Electric Car Discount) Bill in July 2022 we have all been eagerly awaiting royal assent for the Bill to become law. We are pleased to announce that royal assent was given on 12 December 2022 which means an FBT exemption is now available for eligible electric vehicles that are both first held and used on or after 1 July 2022.