• Recent and proposed law changes

    FBT rate changes

    The FBT rate has changed from the year starting 1 April 2014 onwards.

    FBT year

    FBT rate

    Type 1 gross-up rate

    Type 2 gross-up rate

    Starting 1 April 2013 (and prior years)

    46.5%

    2.0647

    1.8692

    Starting 1 April 2014

    47%

    2.0802

    1.8868

    Starting 1 April 2015 and 1 April 2016

    49%

    2.1463

    1.9608

    Starting 1 April 2017

    47%

    2.0802

    1.8868

    Non-profit capping threshold and FBT rebate rate changes

    The non-profit capping threshold and FBT rebate rate will change from the year starting 1 April 2015 onwards.

    FBT year

    PBIs, HPCs, Rebatable employers

    Public and non-profit hospitals and public ambulance services

    FBT rebate rate

    Starting 1 April 2014 (and prior years)

    $30,000

    $17,000

    48%

    Starting 1 April 2015 and 1 April 2016

    $31,177

    $17,667

    49%

    Starting 1 April 2017

    $30,000

    $17,000

    47%

    Correcting a mistake

    You can correct a mistake by striking it out in black pen. Write the new information as close as possible to the boxes for the label. You can also use tape white-out to correct errors. However, do not use liquid white-out – this causes problems with scanning, which will delay the processing of your return.

    Find out more

    Record keeping

    End of find out more
    Last modified: 27 Mar 2015QC 44652