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Fuel tax credits – business

Fuel tax credits – business
Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that’s included in the price of fuel used in:

    • machinery
    • plant
    • equipment
    • heavy vehicles.

The amount depends on when you acquire the fuel, what fuel you use and the activity you use it in. Fuel tax credits rates also change regularly so it’s important to check the rates each time you do your business activity statement (BAS).

Some fuels and activities are not eligible including fuel you use in light vehicles of 4.5 tonnes gross vehicle mass (GVM) or less, travelling on public roads.

We’ve developed some useful tools to help you work out which of your business activities are eligible and what rates apply, and a calculator to help you work out your claim. Our ATO app also includes this calculator.

Follow the links below for further information on rates, eligibility, how to register, calculate and claim fuel tax credits.

 

https://www.ato.gov.au/business/fuel-schemes/fuel-tax-credits—business/

 

 

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About Our  Traineeships:-

Join the Market Leader in 2016 – Accounting Traineeships

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Bottrell Business Consultants are a Multi Award Winning Firm

We have 2016 Traineeships available – work 3 days Study part-time 2 days

Apply now to Tara Skippen on tara@bottrellaccounting.com.au – send resume & cover letter

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Offices – East Maitland | Newcastle | Sydney | Melbourne | Brisbane | Gold Coast

Bottrell Accountants | Newcastle Accounting Firm | Maitland Accountants

Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.

The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.

Our group of businesses & links include the following companies (& our websites);-

 

 

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