FUEL TAX CREDIT RATE CHANGE

The fuel tax credit rate for fuel used in heavy vehicles travelling on a public road has changed due to an increase in the road user charge.

The rate to use when calculating your claim will depend on when the fuel was acquired.

For fuel acquired from 1 January 2009 use the new rate of 17.143 cents per litre.

For fuel acquired before 1 January 2009 use the old rate of 18.51 cents per litre.

With a new rate applicable for fuel acquired from 1 January 2009 for use in road transport, the calculator helps you find the right rate for your business activity.

In less than 10 minutes, you can work out the fuel tax credits you are entitled to claim on your BAS.

Go to www.ato.gov.au/fuelschemes to use the calculator, find rates and learn about the records you need to keep.

Please note if you use Phoenix, the new fuel tax rate is only available in the latest version which is 5.03.  If you use the on road fuel tax credit within Phoenix, we strongly recommend that you upgrade to this latest version.