Allowing an employee to use a work car for private purposes is a fringe benefit. You have to pay Fringe Benefit Tax (FBT) on the taxable value of the fringe benefit. TMS FBT module helps you and your drivers/employees log and manage their business versus private trips made in a work vehicle.

Businesses can claim credits from the ATO for the fuel tax (excise or customs duty) included in the price of fuel used in their business activities.

You can claim for taxable fuel that you purchase if your vehicle/machinery/equipment fits the rules and your fuel is a liquid, fuel blend or gas fuel and you are registered for GST and fuel tax credits.

TMS FTC module allows you to calculate your FTC on your eligible vehicles.

Features:

• Mark private and business trips
• Analyse business use
• Log Book Analysis
• Odometer Readings
• FBT rates
• Trip Approvals
• FTC rates