FBT alternate rate calculation sheet – annual return
IR 419
September 2010
• Transfer the totals for the year from the FBT taxable value calculation sheet (IR 429) • Please keep the calculation sheets for your own records.
• Please use the Fringe benefit tax return guide (IR 425) if you need help, or call us on 0800 377 772.
Employer’s details Name IRD number
Employees’ taxable benefits
Total fringe benefit tax to pay
Copy the amount in Box A to Box 5 of your return.
Note: Where an adjustment of FBT is required for employees for whom remuneration details were not
finalised at the time of completing last year’s FBT return, transfer the amount to the remuneration adjustment
sheet in the Fringe benefit tax return guide (IR 425).
(8 digit numbers start in the second box. )
Taxable value from FBT taxable value calculation sheet (IR 429)
1
Employee’s name
Pooled vehicles and
non-attributed benefits*
2
Employee’s income
(for example, wages,
salary)
3
Tax on
employee’s income
(column 2)
4
Net income
(columns 2 minus3)
5
A
6
B
7
C
8
D
9
◆
Fringe benefit-
inclusive cash
remuneration
(4+5+6+7+8)
10
Tax on
amount in
column 9
11
FBT payable
for the year
(columns 10
minus3)
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
$
$ $ $ $ $ $ $ $ $
Totals
$ $ $ $
A
$
* FBT rate for pooled vehicles and non-attributed benefits:
– 49% up to 31/03/2010
– 45.99% 01/04/2010 to 31/03/2011
– 42.86% from 01/04/2011 onwards
FBT rates for pooled vehicles and non-attributed benefits to major shareholder-employees (or associates who are not employees):
– 61% 01/04/2009 to 31/03/2010
– 55.04% 01/04/2010 to 31/03/2011
– 49.25% from 01/04/2011 onwards.
◆ Add taxable values from columns 5, 6, 7 and 8 together, deduct cents and then add the whole dollar value from column 4 to this figure.
Enter value in column 9.
