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Penalties and interest charges

Last updated 8 October 2023

You may be liable to pay a penalty and the general interest charge (GIC) in either of the following circumstances.

  • You are paid an amount of fuel tax credits that you are not entitled to.
  • You do not adjust your fuel tax credit claims when you become aware an adjustment is required.

You will not incur penalties or GIC if you:

  • adjust fuel tax credit claims in your current business activity statement (BAS), when you become aware of them
  • correct errors to your fuel tax credit claims in a later BAS in line with the conditions in this guide.

You can claim the GIC as an income tax deduction.

QC81797