FBT Return 2019 Assignment for Curtin University TAXA3004

This document is a comprehensive solution to a Fringe Benefits Tax (FBT) Return 2019 assignment for the TAXA3004 course at Curtin University. It includes a completed FBT return form, along with detailed working papers demonstrating the calculations for various fringe benefits provided by Montgomery Pty Ltd. The benefits analyzed encompass a range of categories, including car fringe benefits (using both operating cost and statutory methods), meal entertainment, home internet and mobile phone expenses, loans, property fringe benefits, and car parking. Each benefit is assessed based on relevant sections of the Fringe Benefits Tax Assessment Act 1986, with explanations for exemptions and taxable values. The assignment covers both Type 1 and Type 2 benefits, grossing-up calculations, and the final FBT payable, providing a practical application of FBT principles and compliance procedures.

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Fringe benefits tax (FBT) return 2019
1 April 2018 to 31 March 2019
NAT 1067-01.2019
WHEN COMPLETING THIS RETURN
For help with completing this return visit ato.gov.au/FBT2019
■ Print clearly using a black pen only.
■ Use BLOCK LETTERS and print one character in each box.
■ Place X in all relevant boxes.
■ Send your completed form and attachments to:
Australian Taxation Office
GPO Box 9845
IN YOUR CAPITAL CITY.
S M I T H S T
Business details
2 Australian business number (ABN)(if applicable)
1 Tax file number (TFN)
See the Privacy note in the Declaration on page 4 of this return.
5 Postal address
Country if outside Australia
Suburb/town/locality State/territory
(Australia only)
Postcode
(Australia only)
3 Name of trustee or senior partner
Family name
Title: Mr Mrs Miss Ms Other
First given name
INDIVIDUAL
NON-INDIVIDUAL(company, partnership, trust etc)
Name of corporate trustee/senior partner
OR
Other given name/s
NON-INDIVIDUAL(company, partnership, trust etc)
OR
4 Name of employer
Family name
Title: Mr Mrs Miss Ms
First given name
INDIVIDUAL
Other given name/s
10670119
Other
1 2 8 5 8 2 7 3 4
1 1 4 5 7 6 3 8 6 5 6
x
M O N T G O M E R Y
S U K I
M O N T G O M E R T P T Y L T D
5 8
V I C T O R I A
A L B E R T A P A R K
4 9 1 3 5 6 7

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7 Current business/trading name and/or address
If your business/trading name and/or address has changed since last year, or this is your first FBT return, print the d
BUSINESS/TRADING NAME
BUSINESS/TRADING ADDRESS
Country if outside Australia
Suburb/town/locality State/territory
(Australia only)
Postcode
(Australia only)
6 Previous name and/or postal address
A change of name must be supported by a certified copy of the documentary evidence.
If the employer name and/or postal address has changed, print it exactly as shown on the last FBT return lodged.
Family name
Title: Mr Mrs Miss Ms Other
First given name
INDIVIDUAL
NON-INDIVIDUAL(company, partnership, trust etc)
OR
PREVIOUS POSTAL ADDRESS
Country if outside Australia
Suburb/town/locality State/territory
(Australia only)
Postcode
(Australia only)
Other given name/s
NON-INDIVIDUAL(company, partnership, trust etc)
Name of corporate trustee/senior partner
OR
8 Previous name of trustee or senior partner
If your organisation is a trust or partnership, and your details have changed, show the name of the trustee or the se
of your organisation as shown on the last FBT return lodged.
Family name
Title: Mr Mrs Miss Ms Other
First given name
INDIVIDUAL
Other given name/s

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10 Number of employees receiving fringe benefits during
the period 1 April 2018 to 31 March 2019 ,
12 Do you expect to lodge FBT return forms for future years? YesNo We will cancel your FBT
registration and future instalments
BSB number (must be six numbers) Account number
Account name
13 Electronic funds transfer (EFT)
Write the BSB number, account number and account name below. Visit ato.gov.au/FBT2019 for more information.
hours
11 Hours taken to prepare and complete this form
Visit ato.gov.au/FBT2019 for more information. Do not include tax agent’s time.
9 Name of the person to contact
Family name
Title: Mr Mrs Miss Ms Other
Daytime contact phone number
First given name
Email address (please use BLOCK LETTERS)
Provide details below (if applicable) of the person we can contact, if needed, regarding the information in this return
Other given name/s
Return calculation details
Visit ato.gov.au/FBT2019 for more information.
14 Calculated fringe benefits taxable amounts(whole dollars only)
C Aggregate non-exempt amount (hospitals, ambulances,
public benevolent institutions and health promotion charities only)
or C.00$ , ,
B Type 2 aggregate amount × 1.8868 = B.00$ , , .00$ , ,
A Type 1 aggregate amount × 2.0802 = A.00$ , , .00$ , ,
15 Fringe benefits taxable amount (A + B) or C .00$ , ,
16 Amount of tax payable(47% of item 15 amount) $ , .
,
17 Aggregate non-rebatable amount
Only complete this item if you are a rebatable employer.
Visit ato.gov.au/FBT2019 for more information.
$ , .
,
19 Sub-total(item 16 amount less item 18 amount) $ , .
,
or
22 Credit due to you $ , .
,
$ , .
,21 Payment due
20 Less instalment amounts reported on activity statements
Visit ato.gov.au/FBT2019 for more information.
.00$ , ,
18 Amount of rebate47% of (item 16 amount less item 17 amount)
$ , .
,Only complete this item if you are a rebatable employer.
Visit ato.gov.au/FBT2019 for more information.
We need your financial institution details to pay any refund owing to you, even if you have provided them to us bef
M O N T G O M E R Y
S U K I
0 0 1
X
2 8 8 6 8 6 0 0 5 2
1 2 2 2 3 0
6 0 2 8 2
2 8 3 3 3 5 2

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23 Details of fringe benefits provided
A
B
C
D
E
F
G
J
K
L
M
N
P
Type of benefits provided
(1 April 2018 to 31 March 2019) Number
WHOLE DOLLARS ONLY
Gross taxable value
(a)
Employee contribution
(b)
Value of reductions
(c)
Taxable value of benefits
(a) – (b) – (c)
Cars using the statutory formula
Cars using the operating cost method
Loans granted
Debt waiver
Expense payments
Housing – units of accommodation provided
Employees receiving living-away-from-home allowance
(show total paid including exempt components)
Board
Property
Income tax exempt body – entertainment
Other benefits(residual)
Car parking
Meal entertainment
Penalties may be imposed for giving false or misleading information.
Privacy
The ATO is authorised by the Taxation Administration Act 1953 to request the provision of tax file numbers (TFNs).
the TFN to identify the entity in our records. It is not an offence not to provide the TFN. However if you do not provid
the processing of this form may be delayed.
Taxation law authorises the ATO to collect information and to disclose it to other government agencies. For informa
privacy, visit ato.gov.au/privacy
Declarations
This return will not be regarded as having been lodged unless the appropriate declaration has been
signed by the tax agent or the employer.
I declare that this return has been prepared in accordance with information provided by the taxpayer, that the taxp
declaration stating that the information provided to me is true and correct and that the taxpayer has authorised me
24 Tax agent’s declaration
Signature of tax agent*
Day Month Year
Date
* If the tax agent is a partnership or a company, this declaration must be signed by a person authorised by that partner
company to sign on its behalf.
Tax agent registration numberName of tax agent
I declare that the information in this return is true and correct.
25 Employer’s declaration –where the employer lodges the return
* Proprietor, partner, public officer, trustee or, for government departments and authorities, the delegated officer.
Signature of employer*
Day Month Year
Date
Name of employer
8 9 8 61 8 6 9 2. 6 8
0
1 7 7 9 1
2 5 0 0 0 2 5 0 0 0
6 0 0 0 0 3 1 2 0 3 0 0 0 1 2 0
2 4 9 6 2 4 9 6
4 3 6 8 4 3 6 8
5 1 0 0
A B C L T D
ABC LTD
0 2 1 0 2 0 1 9
M O N T G O M E R Y P T Y L T D