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Fuel Tax Credit Rate Change
On 1 July 2016, fuel tax credit rates for heavy vehicles that use taxable fuel such as diesel or petrol, and travel on public roads, increased to 13.6 cents per litre.
If this applies to you, please ensure you are applying the correct rate when you calculate the fuel tax credit claim on your next Business Activity Statement.
For further information, check out the following links;
- To check the rates before each BAS go to ato.gov.au/fueltaxcreditrates
- The ATO Fuel tax credit calculator is available at ato.gov.au/fueltaxcreditcalculator
- For information about changes go to ato.gov.au/fueltaxcreditchanges
As always, please contact our office if you have any questions, 4962 2022.