Show download pdf controls
  • Penalties and interest charges

    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 BAS, when you become aware of them
    • correct errors to your fuel tax credit claims in your current BAS in line with the conditions in this guide.

    You can claim the GIC as an income tax deduction.

      Last modified: 28 Feb 2019QC 18882