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;
For further information about simplified fuel tax credits;