What the ATO is up to with its FBT Audits
The ATO says that it is using auditors from other compliance areas to check on employers providing benefits that may be liable to FBT.
Employers outside the FBT system – the ATO has advised that where compliance work (an audit) is being undertaken primarily on other taxes, ATO staff have been told to look at FBT issues where information held by the ATO indicates an FBT risk.
For example, an employer may have motor vehicles registered in the business name, but no FBT return has been lodged or any employee contributions disclosed.
The ATO says that additional FBT training is being provided to compliance staff in these areas.