FBT Info

*For set up instructions and commonly asked questions, see our Knowledge Base (Known Issues and Frequently Asked Questions)

!Regardless of whether the benefits provided are type 1 or type 2, only the lower gross-up rate is used for reporting on employees’ payment summaries or through Single Touch Payroll. Refer to the ATO here for further information.

• New: Add a new FBT Contribution
• Edit: Edit an existing FBT Contribution
• Delete: Delete an incorrectly recorded FBT Deduction
• Undo: Undo any unsaved changes
• Save: Save your changes
• Exit: Close FBT Info window
• Details
  • Date: Date the FBT Payment was paid. This will determine which Financial Year the Payment will fall in.
  • Type
    • Airline transport
    • Board
    • Car
    • Car Parking
    • Debt waiver
    • Entertainment
    • Expense payment
    • Housing
    • Living-away-from-home Allowance
    • Loan
    • Property
    • Residual
    • Tax-exempt body entertainment
  • Taxable: Total Taxable Payment
  • Factor
    • 0: Not Subject to FBT
    • 1.8868: Benefit provider is not entitled to claim GST credits
    • 2.0802: Benefit provider is entitled to a Good and Services Tax (GST) credit
  • Grossed-up: Grossed-up will be automatically calculated based on the setting in Factor.
  • Amount to be shown on the Payment Summary: Total amount which is required to print on the Payment Summary
• FBT Financial Year Totals
  • Total taxable Value: Total Taxable of each item added for the Current Financial Year.
  • Grossed-Up Total: Total Grossed-up of each item added for the Current Financial Year.
  • Total taxable Value: Total Taxable of each item added for the Next Financial Year.
  • Grossed-Up Total: Total Grossed-up of each item added for the Next Financial Year.