Fuel Tax Credits
Fuel tax credit rates increased for fuels acquired from 10 November 2014. This means, there are different rates for fuels acquired before 10 November and from 10 November, including for fuel used in heavy vehicles.
If an activity statement has already been lodged and includes fuel tax credits based on old rates for fuels acquired from 10 November 2014, the extra credits can be claimed by adjusting an activity statement. Please contact us if you would like assistance claiming the additional credits you are entitled to.
Fuel tax credit rates will increase twice a year, generally on 1 February and 1 August, in line with the consumer price index (CPI).
Before you claim fuel tax credits for your business, it is importation that you check the rates online by visiting here.