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  • Completing your 2018 FBT return – all employers

    Business details – items 1 to 13

    Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For more information see privacy.

    1 Tax file number (TFN)

    2 Australian business number (ABN)

    Your ABN is a unique 11-digit number issued to your business because you have registered in the Australian Business Register (ABR). It helps identify you for tax purposes.

    • If you are registered in the ABR, print your ABN in the box provided.
    • Make sure the ABN you provide is associated with the TFN you quoted at item 1.

    3 Name of trustee or senior partner

    If you are a trust or partnership, provide the name of your trustee or senior partner – otherwise, leave this item blank.

    If the name of your trustee or senior partner has not changed, provide the details exactly as shown on the last FBT return you lodged. If the name of your trustee or senior partner has changed, provide the new details.

    4 Name of employer

    Provide your name. Only complete the individual or non-individual part, as applicable. If your name has not changed, provide the details exactly as shown on the last FBT return you lodged. If your name has changed, provide the new details.

    5 – 7 Previous and current name and postal addresses

    Follow the instructions on the FBT return 2018 for the following items:

    • previous name
    • current postal address
    • postal address on previous return
    • current business/trading name.

    8 Previous name of trustee or senior partner

    If you are a trust or partnership and your details have changed, provide the previous name of the trustee or senior partner of your organisation exactly as shown on the last FBT return you lodged – otherwise, leave this item blank.

    9 Name of the person to contact

    Provide the name, daytime phone number, and email address of a person we can contact, if necessary, about the information in your return.

    10 Number of employees receiving fringe benefits during the period 1 April 2017 to 31 March 2018

    Write the total number of your employees and their associates who received fringe benefits during the period 1 April 2017 to 31 March 2018. The total must include any current, former or future employees, or their associates, who received fringe benefits during the FBT year.

    11 Hours taken to prepare and complete this form

    We are committed to reducing your costs in meeting your tax obligations. Your response to this question is voluntary, but your answers will help us monitor these costs. When completing this question, consider the time (rounded up to the nearest hour) you spent:

    • reading the instructions
    • collecting the information necessary to complete this return
    • making any necessary calculations
    • completing this return and putting your business tax affairs in order so you could give the information to your tax agent.

    Do not include the time your tax agent took to prepare and complete this return.

    12 Do you expect to lodge FBT return forms for future years?

    Tell us if you plan to continue lodging FBT returns. If you have provided taxable fringe benefits after 31 March 2018, they fall into the 2019 FBT year and you may need to lodge a 2019 FBT return.

    We will cancel your FBT registration and any future instalments if you answer ‘no’ to this question.

    If you don't complete this item, it may result in processing problems.

    13 Electronic funds transfer (EFT)

    Direct refund

    We need your financial institution details to pay any refund owing to you, even if you have provided them to us before. Complete the following:

    • Bank state branch (BSB) number. This six-digit number identifies the financial institution (do not include spaces or hyphens).
    • Account number. This should not have more than nine characters (do not include spaces).
    • Account name. In most cases, your account name should be shown on your bank account records. It should include spaces between each word and between initials. If your account name exceeds 32 characters, provide the first 32 characters only.

    Return calculation details – item 14

    14 Calculated fringe benefits taxable amounts

    Before you can calculate the taxable value of any benefit, you must identify the category the benefit falls into.

    We describe each category in Fringe benefits tax – a guide for employers.

    GST affects how you work out your FBT liability.

    Tax is payable on the fringe benefits taxable amount. To work out the fringe benefits taxable amount you must determine your type 1 and type 2 aggregate fringe benefits amounts.

    About aggregate amounts    

    Type 1 aggregate amount

    The type 1 aggregate amount is the total of all type 1 fringe benefits. These are benefits where you (or a member of the same GST group) are entitled to a GST credit for GST paid on the benefits provided to an employee.

    The rate you use for your calculation is higher than the rate for calculating the type 2 aggregate amount because it recovers the GST credit you are entitled to.

    Goods and Services Taxation Ruling GSTR 2001/3 Goods and Services Tax: GST and how it applies to supplies of fringe benefits explains which benefits you are entitled to a credit for.

    Example 1: Type 1 fringe benefit

    You provide an employee with a television costing $660, including GST. If you are registered for GST, you can claim the GST credits. This is a type 1 fringe benefit that you calculate at the higher rate.

    End of example

    Type 2 aggregate amount

    The type 2 aggregate amount is the total of all type 2 fringe benefits. These are benefits that you (or a member of the same GST group) cannot claim GST credits for because:

    • you (or they) are not entitled to – for example, you are not registered for GST
    • there are no GST credits available because the benefit is either of the following    
      • GST-free (for example, school fees)
      • input taxed (for example, residential accommodation).
       

    The rate you use for your calculations is lower than the rate for calculating the type 1 aggregate amount because you are not entitled to a GST credit.

    Example 2: Type 2 fringe benefit

    You reimburse an employee $700 for their child’s school fees. The supply of school fees are GST-free – you can’t claim a GST credit. This is a type 2 fringe benefit included in your type 2 aggregate amount.

    End of example

    FBT concessions for certain employers

    Concessional FBT treatment is available for certain benefits provided by the following types of employers:

    These types of employers may be exempt from FBT up to a capping threshold or entitled to a rebate subject to a capping threshold.

    See also:

    If you are covered under one of the above category types for the year ending 31 March 2018, see the specific instructions relevant to you to help you complete your FBT return 2018.

    If you are not covered under one of the above category types for the year ending on 31 March 2018, see Taxable employers for instructions to help you complete your FBT return 2018.

    Last modified: 14 Jun 2018QC 54573