Fuel Tax Credits Have Increased!

What does that mean for me?

Fuel tax credit rates increased on 1 February 2022 in line with fuel excise indexation, so don’t forget to use the new rates when you calculate your claims on your next BAS.

To see a summary of the new rates click here.

If you are claiming less than $10,000 in fuel tax credits, you can use the simplified methods which are simple, quick and easy ways to calculate your claim on your BAS.

To read more about simplified fuel tax credits click here.

 

For more information you can visit the ATO website:

https://www.ato.gov.au/Business/Fuel-schemes/Fuel-tax-credits—business/Rates—business/From-1-July-2021/