As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits. So, when are you liable for FBT? Any time you provide non-cash benefits to your staff. The list is potentially endless but in practice, most non-cash benefits fall into one of these categories: Of these, most FBT revolves around company vehicles, so let’s look at what Inland Revenue expect from you if you provide vehicles for any of your staff: For an SME owner, that list can be daunting, and
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