The FBT exemption for plug-in hybrid electric vehicle (PHEV) is ending on 31 March 2025, whilst grandfathering provisions are in place, if there is a change to a pre-existing commitment on or after 1 April 2025, the FBT exemption for the PHEV will no longer apply from the date of that new commitment.

If PHEVs are part of your decarbonisation roadmap, time is running out to lock in an FBT exemption. The good news is that EVs continue to be eligible for exemption beyond 31 March, although the Government will review this by mid-2027.

This FREE webinar with outline the FBT implications for electric and low emission vehicles and consider the ramifications for businesses and the drivers of these vehicles.

Factors addressed in this session include: –

• How long will the vehicle be FBT free for?
• What is the FBT treatment for home charges and installation costs?
• Are there tax implications for reimbursing drivers for electricity used at home to charge a vehicle?
• Are there tax implications for paying drivers an allowance to cover home charging?
• If the vehicle is FBT free, why do I still need to calculate the Reportable Fringe Benefits Amount?

This session is essential if you have or are contemplating adding electric or low emission vehicles to your fleet.