Hello,
Apologies in advance as this is quite a long winded question. I believe there has been some errors along the way between my workplace, leasing company & the ATO, which has resulted in a $10k family tax benefit debt for me. I would just like advice on the below to see if there has been an issue & how to resolve. Payroll have said they put in the info provided from the leasing company, and the leasing company haven’t responded to my calls or emails, and centerlink told me to contact the ATO but I want to ensure I have the correct info first as I’m better at typing than explaining verbally.
My employer was a government employer, and the lease was a fully private use, no business use.
the info from the lease (A) - not sure which part is relevant or if you need more info
info from my end of year income statement from work (B)
I was under impression the FBT wouldn’t be applicable to me as it was a fully private use vehicle & no other tax implications for me as I made both pre and post tax contributions. However the ATO generated report to Centrelink had my income reported at $140,000~ rather than $126,870; & the only way I can assume that number came from is from the FBT?
any help or advice appreciated.
(A)
Statutory Fraction
20.00%
FBT Provision
$0.00
Pre Tax Amount
$4,397.54
after tax contribution
$7,435.16
annual
$11,832.70
(B)
Salary sacrifice type
Other employee benefits
Salary sacrifice amount
-$6,531.84
Total gross amount
$126,870.67
Other amounts
Reportable fringe benefits - Taxable employer status amount
Reportable fringe benefits - total
$14,028.66
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