Fuel tax credit rates increased on 5 February 2018 (not 1 February as in previous years) in line with fuel excise indexation. Fuel tax credit rates change regularly so make sure you use the correct rates each time you lodge your business activity statement (BAS).
You can watch the recording of the ATO’s recent webinar for tips on claiming fuel tax credits, including some you can start using now to make claiming on your next BAS easier. Topics covered include;
- why and when rates change and how to work out the rate you need
- records you need to keep
- tools and tips to help you save time and get your claim right, including simplified ways if you claim less than $10,000 in fuel tax credits a financial year
The latest rates can be found here.
