• Itemised account - fringe benefits tax

    This screen displays transactions for the fringe benefits tax account.

     

    The account payout amount and estimated general interest charge (GIC) are not available from this screen.

    By processing order

    This screen displays transactions in the order they are processed. All transactions from 1 April 2001 will be displayed.

     

    If further detail is required for transactions prior to 1 April 2001, ‘Contact us’.

    Transaction list

    Provides details of transactions processed on the account.

     

    If a fringe benefits tax (FBT) return has been processed on this account in the past four working days, additional action may yet occur which could cause the account balance to change. This may include transactions such as the imposition of a penalty or the general interest charge, transfers to other accounts or government agencies, and/or adjustments to the annual FBT assessment – where applicable. If any of these actions occur, we will notify you of the specific transaction which affected the balance.

    Screen fields:

     

    Transactions relevant to the period from 01/04/2001 to <date> 

     

    The default ‘From’ date for the period will be 1 April 2001. The ‘To’ date will be the current date.

         
       

     

    Only transactions processed after 1 April 2001 will be displayed.

         

    Process date 

     

    This will be blank. This information is not available for display at the present time.

         

    Effective date 

     

    The date the transaction became effective on the account. For debit amounts, it will reflect the due date allowing for weekends and public holidays. For payment and credit transactions, it is the date the payment or credit was received or notified. This date is used for calculating the GIC, where applicable.

         
       

     

    You can sort the transactions into either process date or effective date order by selecting the column heading.

         

    Transaction description 

     

    Describes each transaction type.

         

    Debit amount 

     

    The amount of a debit transaction. A debit amount is owed to the Tax Office.

         

    Credit amount 

     

    The amount of a credit transaction. A credit amount is owed by the Tax Office.

         

    Balance 

     

    The account balance after each transaction. A credit balance will include the suffix ‘CR’.

         

    Opening balance 

     

    The opening balance appears as the first transaction on the list.

         

    Closing balance 

     

    The closing balance appears as the last transaction on the list. It is the sum of the opening balance and all the transactions displayed in the list.

    Screen buttons:

     

    Account list 

     

    Select the Account list button to go to the ‘Account list’ screen.

         

    Refund request 

     

    Select the Refund request button to go to the ‘Refund request’ screen. This option is only available for users with appropriate access.

         

    Transfer request 

     

    Select the Transfer request button to go to the ‘Transfer request’ screen. This option is only available for users with appropriate access.

         

    Payment options 

     

    Select the Payment options button to take you to the ‘Payment options details’ screen.

    Payments

    Payment options and methods provides you with information about how to make a payment.

    Account queries

    If you would like more information about an account, send us a message via ‘mail’ topic located on the left navigation bar.

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Relying on our information - our commitment to you

We are committed to providing you with advice and guidance you can rely on, so we make every effort to ensure that what we give you is correct.

If you follow our advice or guidance and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the advice and guidance on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our advice and guidance does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.

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© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).