30 September 2022
If you claim fuel tax credits, multiple rates may apply to your business activity statement (BAS) that is due in October, depending on when you acquired the fuel.
Changes to fuel tax credit occurred on 30 March, 1 July (biodiesel only), 1 August, and 29 September 2022.
The easiest way to ensure you are using the correct rate is to use the fuel tax credit calculator.
The temporary reduction of fuel excise duty ended on 28 September 2022. From 29 September 2022:
Remember to always keep accurate records to support your claims. Your records need to show the type, date, and quantity of fuel acquired for business activities.
Your registered tax or BAS agent can help correctly calculate your fuel tax credit and lodge your BAS.
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