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Discussion Paper - Fringe Benefits Tax Reporting Exclusion for Pooled or Shared Cars

Date:

Wednesday, 11 October 2006

Content ID:

1173

Abstract:

The Government announced in its final response to the Report of the Taskforce on Reducing Regulatory Burdens on Business — Rethinking Regulation that it agreed in principle to a fringe benefits tax (FBT) reporting exclusion for pooled or shared cars with details to be finalised through consultation.

The purpose of this paper is to set out the proposed treatment of pooled or shared cars within the FBT law as per the Government’s announcement. The principles outlined in this paper have not received Government approval and are obviously not yet law, and consequently should not be relied upon in any way.

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Discussion Paper - Fringe Benefits Tax Reporting Exclusion for Pooled or Shared Cars  17.62kb

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