Fuel tax credits - how to complete your business activity statement

Making adjustments

An adjustment is necessary when you have already claimed fuel tax credits based on your intention to use that fuel in a certain way but you actually used it differently, resulting in a change to your fuel tax credit entitlement.

You have to make an adjustment even though your entitlement was correct at the time of lodgment. This is because when you used the fuel for a different purpose, your entitlement for that tax period changed.

Adjustments that increase your entitlements should be reported at label 7D - see example 2. Adjustments that decrease your entitlements should be reported at label 7C - see example 3.

When calculating the dollar amount of your adjustment, you need to apply the fuel tax credit rate that applied at the time you made your original claim.

Sections within Adjustments and mistakes

• Making adjustments
• Adjustments at 7D - increasing your entitlement
• Adjustments at 7C - decreasing your entitlement
• Correcting mistakes