Fuel tax credit rates have increased
Category : Practice Updates
Fuel tax credit rates have increased for fuel acquired from 1 August 2015, due to a rise in the consumer price index (CPI).
Laws have passed that mean excise duty rates will continue to be indexed in line with CPI in February and August each year. This means fuel tax credit rates will also continue to be indexed twice a year.
What you need to do
Ensure you are using the correct rate when claiming fuel tax credits on your next Business Activity Statement.
Rates change regularly and the ATO have the following information and tools to assist you with claiming the correct amount of fuel tax credits:
- to check the rates go to ato.gov.au/fueltaxcreditrates
- use the Fuel tax credit calculator available at ato.gov.au/fueltaxcreditcalculator
- for information about fuel tax credits go to ato.gov.au/fuelschemes
How to keep up to date
You will no longer receive an email from the ATO when fuel tax credit rates change. To be advised of the rate changes straight away:
- follow the ATO on Facebook or Twitter – ato.gov.au/findus
If you have any questions, please phone 13 72 86 Fast Key Code 1 1 4 between 8.00am and 8.00pm, Monday to Friday and 10:00am and 4:00pm, Saturday to Sunday.