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Fuel tax credit rates have increased for eligible fuel acquired from 1 August 2015, due to a rise in the consumer price index (CPI).

When calculating your fuel tax credits, including fuel used in heavy vehicles, you need to use the rate that applied when you:

• acquired the fuel
• imported the fuel
• entered the fuel for home consumption (that is into the Australian domestic market) if you manufactured the fuel.

There are time limits for claiming fuel tax credits – generally, you must claim within four years. The four years commences from the day after you were required to lodge the BAS for the tax period in which the fuel was acquired.

Please refer to the following attached tables for the changes to the fuel tax credit rates:

Table 1: Fuel tax credit rates for taxable liquid fuels

Table 2: Fuel tax credit rates for taxable gaseous fuels

Table 3: Fuel tax credit rates for standard fuel blends

 You can also refer to the ATO Fuel Tax Credit Calculator here.

Please feel free to contact a Thorntons team member if you have any questions regarding the above.
Our Key Services
  • Accounting, Taxation
    and Other Compliance

    Our team of professionals will ensure your business complies with Australian tax, company and employment legislative requirements. Read more +

  • Specialist Tax
    Consulting

    Our experienced team is available to provide answers to a broad range of questions in all areas of tax. Read more +

  • Superannuation
    Estate & Succession
    Planning

    We help our clients manage their future through providing practical advice and taking care of superannuation, estate and succession planning. Read more +


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    & Structuring

    We offer full entity structuring advice and guidance and will assist you in finding the best way to structure both your business entities and personal holdings. Read more +

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    & Mentoring

    Our team are passionate about helping our clients achieve business growth through development and implementation of effective business growth strategies. Read more +

Client Testimonials

Thornton's have constantly provided service of the very highest level, are responsive to our needs and are progressive in their offerings without ever being pushy. Importantly, the people we need to speak to are always available when we need assistance or advice on a range of matters and deliver when they say will. They are one of our most trusted partners in business...

Daniel Colgan, Director, Colgan Industries Pty Ltd

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Our company has found Marie and the team at Thorntons to be extremely helpful in their approach to our business. They are always ready with a reply to our emails or phone calls. Nothing is too much trouble for Marie and the team, they go above and beyond to help us with our taxation. I would recommend them anytime.

Splitrock Farming Co., Kerry Robinson

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Thorntons has been our business and accounting advisors for more than a decade. Thorntons team of dedicated and experienced staff ensure all of our financial requirements are addressed in a professional and timely manner. No issue is ever too big or small and it has been a pleasure working with them as our family business has grown over the past thirteen years.

Keryn McKinnon, Business Manager, Duraseal

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On behalf of Aquatec I would like to say that getting Thornton’s to provide management reports and business consulting has been the best thing we ever did. Moving from a “standard” accounting practice that wasn’t really giving us any proper advice to Thornton’s helped us transform our business and gave us a crystal clear picture of our business health on a month to month basis. Overall a great company to work with, would highly recommend them.

Andy Baker, General Manager, Aquatec Equipment

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I work collaboratively with Troy, Marie and their team in the areas of estate planning, farm succession planning and related party property transactions. Troy and Marie’s attention to detail and professionalism are of the highest standard and they work hard to attain practical and viable business solutions for their clients. They are both clear communicators, accessible and a pleasure to work with.

Julie Murray, Solicitor, Yarramundi Law

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Over the 5 years that my company has been a client of Thornton's, I have been extremely happy with their level of expertise and service. All of my enquiries have been dealt with in a timely and friendly manner. I would have no hesitation in recommending their services.

Hamish Pryde, Director, GlobalSD Pty Ltd

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