Wed 29 Jun 2016

From 1 July 2016 fuel tax credit rates are changing:

From 1 July 2016, fuel tax credit rates will change for:

–    fuel used in heavy vehicles traveling on public roads that use taxable fuel such as diesel or petrol. This is due to a change in the road user charge (RUC) which is reviewed annually.
–    biodiesel and fuel ethanol manufactured in Australia, as excise duty rates will take effect for biofuels.

Fuel tax credit rates are indexed twice a year, in February and August, in line with the consumer price index (CPI)

CLICK HERE to view the new fuel tax credit rates on our website.

Simplified fuel tax credits:

We have tools available to help your members calculate their fuel tax credit claims and work out which of their business activities are eligible. These include:
•    Fuel tax credit calculator
•    Fuel tax credit eligibility tool
•    Simplified ways to calculate fuel tax credit claims for businesses that claim less than $10,000 in fuel tax credits each year

Find out more at Simplified fuel tax credits and access our tools at Fuel tax credit tools

What we ask you to do:

We encourage you to inform your members of these fuel tax credit rate changes and to remind members that fuel tax credit rates will change again on 1 August 2016 in line with the CPI.