Changing Times - Logbooks and FBT

Michael Hunt and Rory Deegan | 7/09/2012 1:47:15 PM

2011 and 2012 were years of big change in the Australian tax landscape. The headlines were grabbed by new costs on carbon and proposals for mining profits taxes. While all this was happening a major shift also occurred in the area of FBT (Fringe Benefit Tax). In short the new situation will see the rates of FBT flattened to 20% across all kilometre ranges from 1 April 2014. What made the change remarkable was the fact that the previous system actually granted drivers lower rates as a res...

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