Fuel tax credit rates and eligible fuels

Rates from 1 July 2012

These rates are effective from 1 July 2012. When calculating your fuel tax credits for fuel acquired in periods before 1 July 2012, use the appropriate rates in earlier tables for those periods.

Fuel tax credit rates vary depending on what fuel you use and the activity you use it in. The rates in the tables below account for the carbon charge for that fuel.

Use the rate when the fuel was acquired

From 1 July 2012, you need to use the rate that applied when you acquired the fuel. However, for fuel used in heavy vehicles for travelling on a public road, you need to use the rate in effect at the beginning of the tax period covered by your business activity statement (BAS).

Also from 1 July 2012 if you imported the fuel, use the rate that applied when the fuel was imported.

If you have a fuel tax credit entitlement for fuel you manufacture, use the rate that applied the day you entered the fuel for home consumption.

Fuel is taxable if excise or customs duty must be paid on it.

Sections within Rates from 1 July 2012

• Liquid fuels
• Gaseous fuels
• Blended fuels