{"id":2515,"date":"2021-02-15T13:21:06","date_gmt":"2021-02-15T03:21:06","guid":{"rendered":"https:\/\/insight.thomsonreuters.com.au\/business\/?post_type=insight_resource&#038;p=2515"},"modified":"2021-02-15T13:21:07","modified_gmt":"2021-02-15T03:21:07","slug":"a-different-year-your-2021-fbt-return","status":"publish","type":"insight_resource","link":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return","title":{"rendered":"A \u2018different\u2019 year. Your 2021 FBT return"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"block-ae7a92de-80dc-413f-bc45-c69f9cca28c1\">By Hayley Lock (Partner, KPMG Employment Tax Advisory)<br>and Stacey Biggar (Senior Manager, KPMG Employment Tax Advisory)<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Apart from a natural expectation of decline in spend on employee benefits, there are some COVID specific considerations, both in terms of potential new benefit categories for your organisation, and, interpretive approaches to benefit valuation. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the time of writing, several key ATO rulings are yet to be finalised but expected before FBT year-end. Additionally, on the horizon are some yet-to-be legislated Federal Budget announcements. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/connect.aem.thomsonreuters.com\/2021-FBT-Guide?utm_source=insights\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/2021-FBT-Guide-Landing-Page.png\" alt=\"\" class=\"wp-image-2522\" width=\"325\" height=\"458\" srcset=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/2021-FBT-Guide-Landing-Page.png 650w, https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/2021-FBT-Guide-Landing-Page-213x300.png 213w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/a><\/figure>\n\n\n<p><a href=\"https:\/\/connect.aem.thomsonreuters.com\/2021-FBT-Guide?utm_source=insights\" class=\"btn btn-lg btn-primary\">Download Your Copy<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.<\/p>\n","protected":false},"author":107,"featured_media":2518,"template":"","categories":[659],"tags":[760],"resource_type":[596],"insight_job_role":[702,805,808,880,881,882],"insight_practice_area":[],"class_list":["entry","author-corpadmin","has-excerpt","post-2515","insight_resource","type-insight_resource","status-publish","has-post-thumbnail","category-global-tax-reporting","tag-fbt","resource_type-guide","insight_job_role-accountant","insight_job_role-chief-tax-officer","insight_job_role-head-of-tax","insight_job_role-tax-accountant","insight_job_role-tax-agent-advisor","insight_job_role-tax-manager-director","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia<\/title>\n<meta name=\"description\" content=\"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia\" \/>\n<meta property=\"og:description\" content=\"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return\" \/>\n<meta property=\"og:site_name\" content=\"TR - Business Insight Australia\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-15T03:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/shutterstock_680621431-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return\",\"url\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return\",\"name\":\"A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/wp-content\\\/blogs.dir\\\/4\\\/files\\\/sites\\\/18\\\/2021\\\/02\\\/shutterstock_680621431-scaled.jpg\",\"datePublished\":\"2021-02-15T03:21:06+00:00\",\"dateModified\":\"2021-02-15T03:21:07+00:00\",\"description\":\"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return#primaryimage\",\"url\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/wp-content\\\/blogs.dir\\\/4\\\/files\\\/sites\\\/18\\\/2021\\\/02\\\/shutterstock_680621431-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/wp-content\\\/blogs.dir\\\/4\\\/files\\\/sites\\\/18\\\/2021\\\/02\\\/shutterstock_680621431-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"2021 FBT Gude\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\\\/resource\\\/a-different-year-your-2021-fbt-return#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources\",\"item\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/resources\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"A \u2018different\u2019 year. Your 2021 FBT return\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/#website\",\"url\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/\",\"name\":\"TR - Business Insight Australia\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/insight.thomsonreuters.com.au\\\/business\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia","description":"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return","og_locale":"en_US","og_type":"article","og_title":"A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia","og_description":"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.","og_url":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return","og_site_name":"TR - Business Insight Australia","article_modified_time":"2021-02-15T03:21:07+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/shutterstock_680621431-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return","url":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return","name":"A \u2018different\u2019 year. Your 2021 FBT return - TR - Business Insight Australia","isPartOf":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return#primaryimage"},"image":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return#primaryimage"},"thumbnailUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/shutterstock_680621431-scaled.jpg","datePublished":"2021-02-15T03:21:06+00:00","dateModified":"2021-02-15T03:21:07+00:00","description":"With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.","breadcrumb":{"@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return#primaryimage","url":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/shutterstock_680621431-scaled.jpg","contentUrl":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-content\/blogs.dir\/4\/files\/sites\/18\/2021\/02\/shutterstock_680621431-scaled.jpg","width":2560,"height":1707,"caption":"2021 FBT Gude"},{"@type":"BreadcrumbList","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/resources\/resource\/a-different-year-your-2021-fbt-return#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insight.thomsonreuters.com.au\/business\/"},{"@type":"ListItem","position":2,"name":"Resources","item":"https:\/\/insight.thomsonreuters.com.au\/business\/resources"},{"@type":"ListItem","position":3,"name":"A \u2018different\u2019 year. Your 2021 FBT return"}]},{"@type":"WebSite","@id":"https:\/\/insight.thomsonreuters.com.au\/business\/#website","url":"https:\/\/insight.thomsonreuters.com.au\/business\/","name":"TR - Business Insight Australia","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insight.thomsonreuters.com.au\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"}]}},"_links":{"self":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource\/2515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource"}],"about":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/types\/insight_resource"}],"author":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/users\/107"}],"version-history":[{"count":0,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_resource\/2515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media\/2518"}],"wp:attachment":[{"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/media?parent=2515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/categories?post=2515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/tags?post=2515"},{"taxonomy":"resource_type","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/resource_type?post=2515"},{"taxonomy":"insight_job_role","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_job_role?post=2515"},{"taxonomy":"insight_practice_area","embeddable":true,"href":"https:\/\/insight.thomsonreuters.com.au\/business\/wp-json\/wp\/v2\/insight_practice_area?post=2515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}