Original article by Tom McIlroy
The Australian Financial Review – Page: 12 : 7-Feb-20
The Australian Taxation Office has previously issued changes to fringe benefits tax rules for staff car parks, with the new ruling due to come into effect as from 1 April 2020. The new ruling will impact on suburban employers, with the rule changes resulting from legal rulings involving Qantas and Virgin and their employees. Commenting on the latest update to the ATO’s new rules, which related to the valuation of staff car parks, EY employment tax partner Paul Ellis said it was important that employers use reputable valuers.
AUSTRALIAN TAXATION OFFICE, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, ERNST AND YOUNG