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ATO Announces Permanent Change in Fringe Benefits Tax Return and Payment Due Date for Tax Practitioners (Agents) — Orbitax Tax News & Alerts

The Australian Taxation Office has published a notice to tax practitioners (agents) announcing a permanent change to align the fringe benefits tax (FBT) return lodgment and payment due dates, which is set at 25 June from 2021 for electronic lodgment. For paper lodgment and self-preparers, however, the due dates remain 21 May.

Separately, the ATO has announced that an FBT exemption will be introduced for employer-provided retraining and reskilling benefits provided to redundant (or soon to be redundant) employees where the benefits may not be related to their current employment. If enacted this measure is intended to apply from 2 October 2020, with FBT returns to be lodged as per current legislation and allowed to be amended if necessary, when the announced changes become law.

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2021 FBT returns

The payment due date for fringe benefits tax (FBT) returns lodged via the practitioner lodgment service (PLS) has permanently changed as a result of feedback from tax professionals about aligning the lodgment and payment due dates.

The lodgment and payment due date for FBT returns lodged via PLS is now 25 June. This change applies from 2021. If you are lodging by paper the lodgment and payment remain due by 21 May 2021. Your clients' payment due date will be updated in our systems by the end of May 2021.

Add new clients to your FBT client list by 21 May 2021 to ensure they are covered by your lodgment program, including the new payment due date.

You can request an FBT client list via Practice mail in Online services for agents. Select the Fringe benefits tax topic and Agent request for electronic FBT client list subject. This will help you check which of your clients need to lodge a 2021 FBT return or non-lodgment advice.

If your clients do not need to lodge an FBT return for 2021, you must let us know as early as possible to avoid processing delays. You can do this by attaching your client's FBT non-lodgment advice form to a Practice mail message, using the Fringe benefits tax topic and FBT non-lodgment advice subject.

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