How do I process a Novated Lease Refund to an employee?

Question

 · Accepted Answer

Matt_ATO · Answer

Howdy , Refund the full amount of $10,085.17 (including GST). Deduct PAYG treat the payment as part of the employee's income. Record as gross wages and include in W1 on your BAS.

Explore tax & super topicsExplore tax & super topics

About usAbout us