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’Wake-up call’ to bosses: utes no tax-free perk for staff on weekends

Tradies and others who get vehicles such as utes as salary-packaged benefits may find their bosses take away those perks following recent revised guidance from the Australian Taxation Office (ATO).

’Wake-up call’ to bosses: utes no tax-free perk for staff on weekends

In early July the tax office revealed dodgy work expense claims are a major contributor to what the agency estimates may be $8.7 billion of uncollected tax each year, and in the same week also finalised its stance on guidelines around Fringe Benefits Tax (FBT) on work vehicles.

Read the full article at the Sydney Morning Herald.

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