FBT and car parking - new rules for employers
At last, common sense prevails!

It is to include a car park, which is paid for by the employer and used by an employee but may be anywhere in the car park.
It will no longer have to be a specified park. The park will be exempt from FBT. The ruling will be effective going forward only from the time the ruling is adopted.
IRD says, “Employers who have taken a conservative approach to FBT in the past and may have overpaid FBT will be able to discuss their position with Inland Revenue.”
We take this to mean that, in spite of the change being prospective, the department will look at requests for reassessments and a refund of FBT paid on these parks.
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