Non-Reportable Fringe Benefits

Non-Reportable Fringe Benefits

Are you?	- An employer who provides fringe benefits to your employees?
At a glance:	- Most fringe benefits must be reported on an employee's payment summary. However, some fringe benefits are non-reportable.
You should:	- Be aware of the various types of fringe benefits. - Contact us if you require any clarification or advice.

1.	Generally, where an employer provides fringe benefits to an employee or an employee's associate, the total fringe benefits must be reported on the employee's payment summary.
2.	However, some fringe benefits are not required to be reported, although the employer is still required to pay Fringe Benefits Tax on the benefits.
3.	Non-reportable benefits are called excluded benefits and include the following: - Total fringe benefits with a value of $2,000 or less for the particular employee in an FBT year; - Entertainment in the form of food and drink; - Some car parking fringe benefits; - Hired or leased entertainment facilities such as corporate boxes; - Remote area housing allowances where the value of the benefit is reduced under FBT law; - Costs of occasional travel to population centres if you live in a remote area; - Certain benefits to defence force members; and - Certain benefits to police officers.
4.	For more information, click here or visit the Tax Office website on www.ato.gov.au