CR 2021/23 - EML Payment Solutions Limited - use of a living expenses card facility to acquire a stored value prepaid card

What this Ruling is about 1. This Ruling sets out the fringe benefits tax consequences for employers who take part in the scheme by EML Payment Solutions Limited (EML) whereby participating employees (Cardholders) use the Living Expenses Card facility (the Card) to acquire a Stored Value Prepaid Card (SVPC). 2. Full details of this scheme...