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Tax office acts rectify FBT instalment notice delay

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Media Monitors Australia; 123; 24 -J U l - dti u . u o i 1 .1

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The Tax Office has taken steps to minimise inconvenience to Fringe Benefits Tax (FBT) clients associated with a delay in the issue of FBT instalment notices. The delay means that we have been unable to meet the usual three week notification period for the next instalment which is due 28 July 1998.

“We realise that many businesses rely on instalment notices as a reminder that their payment is due. We have contacted businesses with larger FBT liabilities to advise them of the situation. From the feedback we have received, we are confident these businesses will be able to make the payment,” said Tax Commissioner Michael Carmody today.

“Other businesses may find it difficult to meet the due date for the next payment without the reminder. For clients in this situation, the Tax Office will not to impose the usual penalties provided payment is made by August 7 1998.

nWe have acted to rectify the cause of the delay for the majority of taxpayers and notices will be posted today.

“We ask for the cooperation of tax agents in providing their clients with advicershould their clients contact them,” said Mr Carmody.

Taxpayers can call FBT enquiries on 133 328 for advice and assistance on this matter.

CANBERRA 24 July 1998 .

Contact Corporate Affairs and Marketing 02 6216 1901 (bh) 0411 182 433 (m)