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  • Fuel tax credits

    We may send a letter if the total fuel tax credits you claimed on your business activity statements (BAS) during the financial year do not match the amount you included on your tax return.

    The letter will include a schedule showing the relevant information from your tax return compared with information we hold.

    Understanding your fuel tax credits schedule

    Below is a sample fuel tax credits schedule. Keep in mind that your schedule will contain your details and may not look exactly like this one.

    Sample fuel tax credits schedule

    Fuel tax credits schedule
    for the year ended 30 June 2015

    Total fuel tax credits claimed on your BAS

    $7,450

    Assessable government industry payments included on your tax return

    $0

    Discrepancy

    $7,450

    The following definitions will help you understand your schedule:

    • Total fuel tax credits claimed on your BAS – The total amount of fuel tax credits you included on your business activity statements (BAS) during the financial year.
    • Assessable government industry payments included on your tax return – The amount you declared for fuel tax credits and other taxable government grants on your tax return.
    • Discrepancy – The difference between the amount you declared on your tax return and the amount we have calculated.

    Next step:

    See also:

    Last modified: 11 Feb 2016QC 43487