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Deductions → Entertainment

Meal entertainment - FBT, GST and income tax (LMS_CO_008)


Description
After completing this course (watching this video, and reading the accompanying material) you will be able to:

1. Identify ‘meal entertainment’ for FBT, income tax and GST purposes
2. List the alternative FBT valuation methods for meal entertainment
3. Recognise the non-FBT implications of the choice made for FBT purposes
4. Apply the special rules applying to meal entertainment to determine the FBT, income tax and GST treatment of meal entertainment expenditure
5. Advise an employer of the factors to consider in making a choice between FBT valuation methods for meal entertainment

CPD Time: 30

Content
  • Video - Meal entertainment - FBT, GST and income tax
  • Materials - Meal entertainment - FBT, GST and income tax
  • Test - Meal entertainment - FBT, GST and income tax
Completion rules
  • All units must be completed
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