ATO reminder: fuel tax credit rates have increased

ATO reminder: fuel tax credit rates have increased


Fuel tax credit rates have increased on 1 August. The ATO reminds you to use the new rates to calculate claims on your next business activity statement (BAS).

How to simplify fuel tax credit claims
If you claim less than $10,000 in fuel tax credits each year, you can use the ATO’s simplified methods to keep records and calculate your claims. Keep in mind the following tips:

  • Keep accurate business records to help you claim all fuel tax credits you are entitled to
  • Use the ATO tax fuel credit calculator to work out your claim
  • Registered tax agents and BAS agents can help you with your tax

Simplified record keeping strategies
Use the following records to substantiate claims of less than $10,000 per year:

  • Contractor statements can be used where an amount for fuel used in performing services is deducted from the amount payable for the services
  • Financial institution statements (business or personal credit/debit accounts)- where only the dollar amount is displayed on the statement
  • Point-of-sale docket- where the docket either does not itemise the quantity of fuel dispensed or the quality is illegible
  • Fuel supplier statement of invoice- where only the dollar amount is displayed on the statement
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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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