Fuel tax credits changed on 3 February, and taxpayers could receive more savings for fuel they have acquired on and from this date. Different rates apply based on the type of fuel, when it was acquired and what activity it is used for.
The ATO has the following tips to ensure you are claiming correctly.
- Use the ATO’s ‘eligibility tool’ on its website to find out if you can claim fuel tax credits for fuel you have acquired and used.
- Use the ATO’s online fuel tax credit calculator (which should automatically apply the right rate) to work out your claim.