Rumour ATO To Crack Down on Utes ?

[csv8]

"There's a rumour swirling from the Australian Taxation Office that its employees like to go to weekend footy – not to watch the game but the cars parking outside the ground.
Utes have soared in popularity in the past decade. In mid-2009 the Toyota Hilux went past the Holden Commodore to become the nation's best-selling vehicle and has been in the top-selling list ever since.

Unlike regular cars, utes are exempt from fringe benefit tax for minor private use.
Meanwhile, the Commodore has slipped to No. 15 and its rival Ford Falcon, which was fifth-best-selling car when Hilux claimed No. 1 spot, has disappeared from the list altogether and will cease production from October 2016.
Unlike regular cars – and this is where the taxman comes in and the talk of their watchful eyes at the football – utes are exempt from fringe benefit tax for minor private use, including travelling to and from work and irregular use such as dumping domestic rubbish at the tip.

There is a rumour that the Australian Taxation Office goes to the football at the weekend and checks the number plates of all the utes. Combine that with utes becoming more SUV-like and there is more bang for buck from a taxation perspective, compared with a Falcon or Commodore, which will cease production from 2017.
But there's a catch. Elizabeth Lucas, a partner at accounting firm Grant Thornton, said if a ute was found to be used heavily for private use the Tax Office could charge fringe benefit tax and other penalties.
"There is a rumour that the ATO goes to the footy at the weekend and checks the number plates of all the utes because it is a giveaway that they are being used for private use," Ms Lucas said." http://www.smh.com.au/business/ato-c...09-gmpevq.html

[nstg8a]

Originally Posted by csv8

"There's a rumour swirling from the Australian Taxation Office that its employees like to go to weekend footy – not to watch the game but the cars parking outside the ground.
Utes have soared in popularity in the past decade. In mid-2009 the Toyota Hilux went past the Holden Commodore to become the nation's best-selling vehicle and has been in the top-selling list ever since.

Unlike regular cars, utes are exempt from fringe benefit tax for minor private use.
Meanwhile, the Commodore has slipped to No. 15 and its rival Ford Falcon, which was fifth-best-selling car when Hilux claimed No. 1 spot, has disappeared from the list altogether and will cease production from October 2016.
Unlike regular cars – and this is where the taxman comes in and the talk of their watchful eyes at the football – utes are exempt from fringe benefit tax for minor private use, including travelling to and from work and irregular use such as dumping domestic rubbish at the tip.

There is a rumour that the Australian Taxation Office goes to the football at the weekend and checks the number plates of all the utes. Combine that with utes becoming more SUV-like and there is more bang for buck from a taxation perspective, compared with a Falcon or Commodore, which will cease production from 2017.
But there's a catch. Elizabeth Lucas, a partner at accounting firm Grant Thornton, said if a ute was found to be used heavily for private use the Tax Office could charge fringe benefit tax and other penalties.
"There is a rumour that the ATO goes to the footy at the weekend and checks the number plates of all the utes because it is a giveaway that they are being used for private use," Ms Lucas said." http://www.smh.com.au/business/ato-c...09-gmpevq.html

That’s a very old article


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[Raptor]

Originally Posted by nstg8a

That’s a very old article

Yes it is

The forum covered the topic at the time here;

ATO cracks down on utes after helping make Hilux a best seller

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