‘Too good to be true’: ATO warns on parking perks

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.

CORPORATES
AUSTRALIAN TAXATION OFFICE, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, ERNST AND YOUNG

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s