Recent ATO FBT reviews have uncovered the FBT Risks with Utes – whether the Utes are Single Cab, Dual Cab, Under 1 Tonne or 1 Tonne plus.
In one of the many ATO reviews, the facts were an employer had 2 x Dual Cab Utes. The employer considered the Dual Cab Utes to be commercial vehicles and exempt from FBT.
However the employer had no records to support exemption, aside from logbooks which were invalid.
The ATO found the vehicles were extensively used for private purposes.
An FBT liability of over $90,000 was raised calculated using the statutory formula and a 25% penalty of around $22,500 was imposed.
If your unsure about your business Utes or your clients business Utes, and the FBT implications, then sign up for one of our 2027 FBT Workshops. We cover more than just Utes, we explain all 13 fringe benefit categories in the FBT Law, ATO Rulings and Guidance and I share my 30 years of hands on practical and techical FBT experience.
More details regarding our 2027 FBT Training Workshops can be found here: https://fbtsolutions.com.au/in-person-events/
