I have written about electric vehicles and the FBT impact which is nil. No FBT return is required to be lodged or payable for electric vehicles.

Though I must remind employers that you do have to notify the Fringe Benefit on an employee’s PAYG Summary even though this is regarded as an exempt benefit.

You will calculate the benefit provided as you would ordinarily do for a motor vehicle (this is generally the financing cost as the running costs are minimal).

The impact is on the employee and the adjusted taxable income but may not have any tax consequences.

If you have specific questions or need assistance with Fringe Benefits please contact me at mark@mcaccg.com.au or call on 02 9923 2959 to see how we can help you.

“This is general advice only and not to be interpreted as individual advice specific to your situation. Contact us to discuss the best solutions for your needs.”