Before you can claim fuel tax credits, your business must be registered for both GST and fuel tax credits.
When you first register for fuel tax credits you will need to know the date you want your fuel tax credit registration to start – you can only claim fuel tax credits:
- if you are registered for GST at the time you acquired the fuel, and
- you acquired the fuel within the last four years.
GST tax period
If you are already registered for GST you can add a registration for fuel tax credits any time without affecting your GST tax period – whether it is monthly, quarterly, or annual.
However if you decide you want to access your fuel tax credits more frequently, this will also change your GST tax period and potentially impact on other reporting obligations. We recommend you seek the advice of your tax or business adviser.
If your business changes or ceases, you should cancel your registration.
Before you can claim fuel tax credits on your business activity statement, your business needs to be registered for both goods and services tax and fuel tax credits.