FBT on Group Life insurance, disablement & trauma insurance

Inland Revenue is currently reviewing employers who take out group life insurance, disablement and trauma insurance policies to cover employees. Inland Revenue is concerned that some employers have not been correctly accounting for Fringe Benefit Tax (FBT) on these policies. Where an employer has taken out an insurance policy in its own name, but it’s … Continue reading “FBT on Group Life insurance, disablement & trauma insurance”