The Tax Institute welcomes the opportunity to make a submission to the ATO in relation to the draft Taxation Ruling TR 2021/D1, Income tax and fringe benefits tax: employees: accommodation and food and drink expenses, travel allowances, and living-away-from-home allowances and the draft Practical Compliance Guideline PCG 2021/D1, Determining if allowances or benefits provided to an employee relate to travelling on work or living at a location.
This submission was developed in close consultation with The Tax Institute's FBT & Employment Taxes Technical Committee in order to obtain a breadth of views on issues that impact our broader membership.