04/07/2022
🚗 CLAIMING FUEL TAX CREDITS 🚗
⛽️ When claiming Fuel Tax Credits you will need to apply the lower rates for fuel acquired from 30 March 2022 to 28 September 2022
⬇️ The lower rates for Fuel Tax Credits are the result of halving the fuel excise duty for 6 months. The reduced rates apply to petrol, diesel, and all other petroleum-based products, except aviation fuels.
🤔 WHAT TO DO WHEN APPLYING FOR FTC?
🔸 Apply the lower rates for fuel acquired after 30 March, the easiest way to do this is by using the fuel tax calculator at:
https://www.ato.gov.au/calculat.../fuel-tax-credit-tools/...
🔸 Keep accurate records to support your claims. Your records need to show the type, date, and quantity of fuel acquired for business activities.
🔸 If you have used the incorrect rates in a previous BAS, it can be corrected on the next BAS.
Our team are here to help with your FTC enquiries:
📞Cooma - 02 6452 2163
📞Dalmeny - 02 4476 8139
📩 [email protected]