Fringe Benefits Tax Stakeholder Group key messages 16 November 2022

Summary of the key topics discussed at the Fringe Benefits Tax Stakeholder Group meeting 17 November 2022

On this page

• Introduction
• Electric vehicles and FBT
• Administration of the FBT Stakeholder Group
• Improved small business tax performance
• Car parking and FBT

Introduction

The Chair opened the meeting with an acknowledgement of country.

Electric vehicles and FBT

The ATO presented a draft guidance document to the group for feedback and discussion. This document was informed by submissions from stakeholder group members, who flagged a range of issues relating to Fringe Benefits Tax (FBT) and electric vehicles (EVs).

The multiple issues covered in the draft document were widely discussed. External group members were invited to provide further written comment after the meeting, and the group agreed to an extraordinary meeting of the group, to be held in December 2022, for the sole purpose of discussing FBT and EVs.

Administration of the FBT Stakeholder Group

The annual review of operations of the group was commenced. Members were invited to provide comments and feedback. Other matters discussed include:

• confidentiality arrangements
• use of online platform for transparent, secure, and ongoing communications between group members.

Improved small business tax performance

The ATO presented on the topic of the Digital Transformation, 2030.

Car parking and FBT

Members voiced their view that car parking continues to be an area that requires clarity.