ATP accountants and tax mortdale ATP accountants and tax mortdale ATP accountants and tax mortdale ATP accountants and tax mortdaleATP accountants and tax mortdale
PHONE: 02 8850 3888
EMAIL:
ENQUIRE ONLINE

Fuel tax credits – rate change

Posted on Aug 14, 2017 by admin

On 1 August 2017, fuel tax credit rates increased. Some of these rates also changed on 1 July 2017, due to a change in the road user charge and an annual increase to excise duty rates on biofuels.

Fuel tax credit rates change regularly – they are indexed twice a year, in February and August, in line with the consumer price index (CPI).

Below are the rates for fuel acquired from 1 August 2017 to 31 January 2018.

Eligible fuel type Unit Used in heavy vehicles for travelling on public roads All other business uses (including to power auxiliary equipment of a heavy vehicle)
Liquid fuels, i.e., diesel or petrol Cents per litre 14.5 40.3
Blended fuels: B5, B20, E10 Cents per litre 14.5 40.3
Liquefied petroleum gas (LPG) (duty paid) Cents per litre 0.0 13.2
Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid) Cents per kilogram 0.0 27.6
Blended fuel: E85 Cents per litre 0.0 10.55
B100 Cents per litre 0.0 2.7

Claims for packaging or supplying fuels can use the ‘all other business uses’ rate for the appropriate eligible fuel type.

For businesses that claim less than $10,000 in fuel tax credits in a year, to simplify your claim use the rate that applies at the end of the BAS period.

ATP Accounting knows what it takes to run a successful business. They will position you at the cutting edge of business growth.
Take the step and get help to grow your business, minimise tax and protect your hard-earned assets.
Call us today on (02) 8850 3888, send us an email to or send us a message here.

Fuel tax credits – rate change Fuel tax credits – rate change Fuel tax credits – rate change Fuel tax credits – rate change Fuel tax credits – rate change

Join our mailing list

Stay in touch with ATP Accounting

  • This field is for validation purposes and should be left unchanged.