Fuel Tax Credits

Are you claiming the correct rate?

The ATO fuel tax credit rate increased on 1 July 2017. Ensure you use the correct rate when you lodge your business activity statement (BAS) to claim the full amount you are entitled to.

The rate for a heavy vehicle on a public road using diesel, since 1 July 2017 is 14.3 cents per litre.  This increased to 14.5 cents per litre on 1 August 2017

Do you claim less than $10,000 each year?

If you claim less than $10,000 in fuel tax credits per year you can choose simplified ways to keep records and calculate your claim. You can:

  • use the rate that applies at the end of your BAS period, even if rate changed during that period.
  • use a range of documents to support your fuel tax credit claims including contractor statements, financial institution account statements, point-of-sale dockets and supplier invoices.

For further information on using the Fuel Tax Calculator;

https://www.ato.gov.au/Calculators-and-tools/Host/#FTCCalc/questions

For further information about simplified fuel tax credits;

https://www.ato.gov.au/business/fuel-schemes/fuel-tax-credits—business/working-out-your-fuel-tax-credits/simplified-fuel-tax-credits/

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