FBT remains a significant cost for automotive retailers and as a result of amendments to the statutory formula method calculations for motor vehicles, this cost is likely to increase.

Our specialist advisors have been helping clients reduce their FBT liability while maintaining an efficient and practical service.

In our experience, an average automotive retailer can expect to incur an FBT liability of 8% to 10% of net profit before tax, based on a benchmark net profit to sales percentage of 2.5%.

It is therefore an expense that justifies a detailed review. If you have not had your FBT calculations reviewed recently, please contact us for a quotation for an independent review, including advice on ways to minimise this cost.

Click here to download our 2013 FBT for Automotive Retailers brochure.

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