The ATO on Wed 12.3.2014, issued the following Class Rulings:
- CR 2014/26: FBT: employer clients of Universal Gift Card Pty Ltd who make use of Universal Gift Card Pty Ltd’s Minor expenses card. It applies from 1 April 2013. Broadly, the Ruling states that the provision of the card by the employer to employees does not give rise to a fringe benefit as defined in s 136(1) of the FBTAA, however, it states that the use of the card by the employee to pay expenditure incurred by the employee will give rise to an expense payment fringe benefit.
- CR 2014/27: FBT: clients of LogbookMe Pty Ltd who use the LogbookMe In Car Logbook Solution for car logbook and odometer records. It applies from 1 April 2013. Among other things, the Ruling states that an employer who uses the LogbookMe solution continuously for the period of the year for which a car was held is entitled to a reduction of the operating costs under s 10A of the FBTAA.
[LTN 48, 12/3/14]