FBT year definition

FBT year means a year ending on 31 March;
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FBT year means each year beginning on 1 April.
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FBT year means the year ended 31 March of each year occurring during the life of the Salary Sacrifice Arrangement.
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Examples of FBT year in a sentence

  • The relevant FBT year will be the one that ended on 31 March 2014.

  • Reporting fringe benefits is the responsibility of the employer.The FBT year runs from 1 April to 31 March.

  • If an employer, other than one who lodges an annual return, uses the estimated value method for an assessment year, the value of the fringe benefits ( V) to be included in each return for the year except the last return is to be calculated in accordance with the formula — where — AV is the actual value of the fringe benefits provided by the employer in relation to the FBT year ending on 31 March in the financial year immediately before the assessment year;N is the number of returns in the assessment year.

  • Where applicants give an employer statement of the value of their fringe benefits, the relevant FBT year is the one completed in the base tax year.For example, for a 2015 AIC Scheme assessment, the relevant year of income will ordinarily be 2013-14.

  • Salary Packaging Information Star Health currently has two types of Salary Packaging: General salary packaging of $15,900 per FBT year Meal Entertainment/Facility leasing of $2,550 per FBT year Salary Packaging is optional and may have considerable tax benefits depending upon personal circumstances.

  • Where applicants give an employer statement of the value of their fringe benefits, the relevant FBT year is the one completed in the base tax year.

  • Threshold is based on the taxable value of a benefit and applies to each benefit provided during the FBT year.

  • Annual returns using estimated value method If an employer who lodges an annual return for an assessment year uses the estimated value method for the assessment year, the value of the fringe benefits to be included in the return is the amount equal to the actual value of the WA fringe benefits provided by the employer for the FBT year that ended on 31 March in the assessment year.

  • Annual returns using the estimated value method If an employer who lodges an annual return for an assessment year uses the estimated value method for the assessment year, the value of the fringe benefits to be included in the return is the amount equal to the actual value of the WA fringe benefits provided by the employer for the FBT year that ended on 31 March in the assessment year.

  • Salary Packaging Information • Star Health currently has two types of Salary Packaging: o General salary packaging of $15,900 per FBT year o Meal Entertainment/Facility leasing of $2,550 per FBT year Salary Packaging is optional and may have considerable tax benefits depending upon personal circumstances.


More Definitions of FBT year

FBT year means each year beginning on 1 April. GUTV means grossed up taxable value. Non-salary packaging fringe benefits means any fringe benefit that the Employer provides or result from means other than via a Salary Packaging Agreement administered by the Supplier. Non-salary packaging fringe benefits may include, but are not limited to, home garaging of a pool car, private use of a work car, housing assistance, remote area holiday travel, living away from home allowances and salary overpayment loan fringe benefits.
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Related to FBT year

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.