Do you sometimes pay for employees trips home? Well, make sure you use a taxi - because an UBER does not attract the FBT exemption.
There is an exemption from FBT that generally applies to taxi travel where the travel is a single trip beginning or ending at the employee's place of work. For some time there has been some uncertainty as to whether that exemption extends to ride sharing services such as UBER. Be uncertain no more. After public consultation - and flying in the face of public support for ride sharing - the ATO recently confirmed its current interpretation of 'taxi' to only include vehicles licensed to operate as taxis - which, in most locations, would exclude ride-sharing services.
If you have any questions about home-work travel (as opposed to travel for work-related purposes), please contact us on 3391 7566.
