Fuel tax credit rates increased on 1 February
This increase is in line with fuel excise indexation.
Here’s what you need to know
- The easiest way to apply the correct rate is to use the ATO’s fuel tax credit calculator when making a claim on BAS
- The ATO’s simplified method can be used to claim less than $10,000 a year in fuel tax credits.
If you claim less than $10,000 in fuel tax credits per year, the easiest and safest way to get your claims right is to use these simplified methods. These include:
- the basic method for heavy vehicles which works out your off-public road use for you, so you don’t miss out on any credits
- using the rate that applies at the end of your BAS period.
When working out your fuel tax credits, remember to use these tips to help get your fuel tax credits right:
- Check how your fuel is used
- Check you’re using the right rate — you may need to use different rates for fuel that was acquired before and after 1 February
- Use the ATO fuel tax credit calculator to help you calculate your claim.
Registered tax agents and BAS agents can always help you with your tax, including making a correct claim.