FBT is done once you know what the FBT liability for the year is, ie after 30th March.
In employee maintenance, TAB 4, the value(s) goes into RepFBT - Taxable / Exempt FBT - Non Tax.
On the next STP upload, the amount(s) will be reported to the ATO.
ATO Code | Minder Code | Description |
|---|---|---|
PAYEVNTEMP125 | EMPL:RepFBT | Payee RFB Taxable Amount |
PAYEVNTEMP126 | EMPL:ExempFBT | Payee RFB Exempt Amount |
You may need to clear out last year’s figures, they aren’t automatically cleared.