How to report FBT or RFBA when lodging event via STP?

How do you split out meal entertainment from other reportable fringe benefits? Or is it the total amount that you report?

Hi AS262, 

Thanks for posting in the Community! Employers that are exempt from fringe benefits tax and have enabled it in the ATO Settings, will now be provided with an additional setting. This setting deals with separating entertainment-related fringe benefits from other fringe benefit amounts.

If employees are eligible, you must configure the business settings to allow separate reporting of RFB amounts.

To enable separate reporting:

1. Navigate to Employees in the left hand menu.
2. Select Payroll Settings, then ATO Settings.
3. In the ATO Settings, select Yes under Are employees entitled to a separate cap for salary packaged entertainment benefits as per section 6.5 of the Fringe Benefits Tax legislation?
4. Select Save.

For more information, you can also check on this article: End of Financial Year Processing using STP - Frequently Asked Questions. 

Feel free to drop a comment below if you have any other questions. Have a great day! 

Hi there

Thank for your prompt response.

Please note that, the ATO settings is showing the FBT exemption status but I still can't split the amount.

Warm regards

Autumn

Hello AS262,

Thanks for getting back to us. Entering Fringe Benefits or Reportable Fringe Benefit Amounts (RFBA) on STP is done manually and will report the total amount. The split option is unavailable at the moment when reporting FBT in the current features available. Here's how to enter the amount:

1. Click on the Employees tab.
2. Click on Reports, and click on Single Touch Payroll.
3. Select the Financial year and Pay schedule.
4. Click on the pay event ID number for the pay event (on the far left of the pay event line) to open up the event.
5. Locate the RFBA column; Use this field to enter any reportable fringe benefits amounts.
6. Click on the pencil icon along with the RFBA column for each employee
7. Enter the Amount and save.
8. Click on the Lodge with ATO button when done.

Feel free to post again in the Community if you have more questions. I'll be around to help you!

Staff member was terminated at the EOFY and the RFBA is not reported , how do I amend this

Hi Melody16,

Thanks for joining the thread. If a finalisation event is already lodged to the ATO for this financial year and would like to make an amendment, you can create and lodge an amended finalisation event.

Here's how to create an amended finalisation event:

1. Select Employees from the left-hand menu. 
2. Select the Reports tab.
3. Select Single Touch Payroll (Located under ATO Reporting).
4. Select the drop-down arrow next to Start Finalisation Process and choose Create an amended Finalisation Event.

Note: The Create an amended Finalisation Event option will only appear after you have successfully lodged a finalisation event with the ATO.

If you need to enter reportable fringe benefits tax, you can follow these steps:

1. Select the pencil icon next to the relevant employee.
2. Enter the amount and then select the tick icon.
3. Repeat this process for each relevant employee.
4. Select Next.
5. Follow the wizard setup and complete the declaration by clicking on  Lodge a finalisation event.

You can also check on this article on how to create and lodge a finalisation event for more detailed information.

Let me know if you need further assistance and I'd be glad to help you. Have a great day! 

What about the UN grossed up amount of Salary Packaging (RFBT) being included in the April to June period as in the next FBT year, therefore having the effect of decreasing Gross Wages? RFBT year should only be from 1st July to 31st Mar, how do I make this show the correct period? and not included a QTR of the next FBT year.

Thanks for joining the thread, 8813. I see that you've posted a similar query about reporting RFBA on the correct period in a different conversation. With this, I'd recommend visiting the said thread through this link for further details: https://quickbooks.intuit.com/learn-support/en-au/payroll-and-stp/rfbt-not-including-the-correct-fbt... 

Feel free to post again if you have any other questions, we're here to help.