The listed are the major changes for the 30th June 2013. The changes were made by the Australian Taxation Office. Some of the changes will require us to include more details from your spouses tax return in your return. So please don’t blame us when we start asking for extra information.
The proposed changes to the Fringe Benefits Tax (FBT) announced are part of the measures to pay for the transition from the Carbon Tax to an Emissions Trading Scheme. The changes will apply to all cars purchased by businesses from 16th July, 2013 and will take effect for the FBT year starting 1st April, 2014.