FBT thresholds, lodgment dates and instructions

March 25, 2021
The ATO has issued a worksheet which summarises the FBT rates and thresholds for 2021-22 (ie 1 April 2021 to 31 March 2022). New numbers for 2021-22 include:
  • record keeping exemption ($8,923 – up from $8,853) and
  • statutory or benchmark interest rate (4.52 per cent – down from 4.8 per cent).
The ATO has also released details of the lodgment date for FBT returns and the instructions for completing the 2021 FBT return have also been released.