FBT employee excess contribution
Christine Trainor
Member Posts: 3 Novice Member
We have a number of employees who salary sacrifice vehicles, as well as other items. Throughout the FBT year a number of these employee's pay an FBT contribution which is deducted via the payroll each pay period as contribution towards any FBT that may be payable at the end of the FBT year.
We have now completed the FBT returns and some of the employee's have the following situation:
1) Expenses incurred throughout the FBT year by the employee were greater than the FBT payable
2) Over provisioned their FBT contribution based on the actual FBT payable.
What is the best way to process these FBT refund adjustments via the payroll?
Thanks in advance.
We have now completed the FBT returns and some of the employee's have the following situation:
1) Expenses incurred throughout the FBT year by the employee were greater than the FBT payable
2) Over provisioned their FBT contribution based on the actual FBT payable.
What is the best way to process these FBT refund adjustments via the payroll?
Thanks in advance.
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