Electric Vehicle FBT Exemption Explained AutoUX Management

Ev Fbt Exemption End Date. Helping clients understand how the new FBT exemption applies (and when it doesn’t) and making Plug-in hybrid electric vehicles - 1 April 2025 onwards From 1 April 2025, a plug-in hybrid electric vehicle will not be considered a zero or low emissions vehicle under FBT law. The Fringe Benefits Tax (FBT) year ends on 31 March

However, in 2025, modifications to eligibility criteria and compliance requirements mean businesses must reassess their current fleet policies. The fringe benefits tax exemption on select electric vehicles has plenty of upside for EV buyers, but there are rules you need to follow

EV FBT Exemption Luxury Car Tax Threshold Increased for 2024/2025 Zecar Reviews News

For existing leases: Making changes to your lease after 1 April 2025, such as refinancing, extending the lease term, pausing due to unpaid. We've outlined the hot spots for employers and employees If there's any break or change in the agreement, the exemption will no longer apply.

EV FBT Exemption Luxury Car Tax Threshold Increased for 2024/2025 Zecar Reviews News. From 1 April 2025, plug-in hybrid electric vehicles will no longer qualify for the FBT exemption, unless: The vehicle was already exempt before 1 April 2025, and; There is a financially binding agreement to continue providing the vehicle beyond this date Motorcycles and scooters are not cars for FBT purposes and do not qualify for the exemption, even if they are electric

⚡ATO FBT Exemption for Electric Vehicles Explained ⚡ Wood Accounting. With no Liberal/National votes, the government required crossbench support private use of a vehicle other than a car may apply instead