Fuel tax credits changed on 3 February, and taxpayers could receive more savings for fuel they have acquired on and from this date. Different rates apply based on the type of fuel, when it was acquired and what activity it is used for.
The ATO has the following tips for taxpayers to ensure they are claiming correctly.
- They can use the ATO’s ‘eligibility tool’ on its website to find out if they can claim fuel tax credits for fuel they have acquired and used.
- They can use the ATO’s online fuel tax credit calculator (which should automatically apply the right rate) to work out their claim.
- They can lodge their BAS via Online services or a registered tax or BAS agent (lodging via an agent can allow them extra time to lodge and pay).
