Thu 30 Jun 2016

Fuel Tax Credit Rates Change 1st July

From 1 July 2016 fuel tax credit rates are changing.

New fuel tax credit rates

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

  • fuel used in heavy vehicles travelling 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)

View the new fuel tax credit rates on the ATO website at: Rates – business

Simplified fuel tax credits

The ATO has tools available to help CCF 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