• Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Step 2 – check the fuel tax credit rate for each taxable fuel type and activity

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The amount of fuel tax credits you can claim depends on the fuel you use, when you acquired it and how you use it in your business.

    You need to use the rate that applied when you acquired the fuel – this may not necessarily be the rate in effect when you use the fuel or claim your fuel tax credits.

    However, for heavy vehicles travelling on a public road where the fuel is used:

    • for travelling on a public road, you need to use the rate in effect at the beginning of the tax period covered by your BAS
    • in auxiliary equipment of the heavy vehicle travelling on a public road, you need to use the rate in effect when the fuel was acquired.

    Get it done

    Fuel tax credit rates change regularly – before you lodge your BAS, check Fuel tax credit rates and eligible fuels to make sure you are using the right rates.

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    Attention

    There are time limits for claiming fuel tax credits - generally, you must claim within four years. The four years commences from the day after you were required to lodge the BAS for the tax period in which the fuel was acquired.

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      Last modified: 19 Sep 2014QC 41272