Prepare a return

Entering quarterly instalments already paid

If you pay FBT by installments, you should lodge all activity statements for the FBT year ending 31 March of the current FBT year. This includes the March quarter prior to lodging the FBT return. Quarterly FBT instalments are recorded against the entity in the ATO Return module.
Payment toward your current FBT liability as part of a tax agent lodgment agreement can be entered as an Other payment.
note
Do not include any amount paid in respect of penalties or any other years liability.
  1. Select
    ATO Return
     , then
    ATO Return
     again on the navigation bar.
  2. Use the dropdown to select the reporting entity to edit.
  3. Scroll down and open the
    Calculation
     link.
  4. In section
    20 Enter Quarterly instalments already paid for this FBT year
    , enter the instalments paid each quarter.
  5. Select
    Save
    .

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax
  • Subject: Payments