Fuel tax credit rates have changed again on 3 August

Stay on track with the ATO’s calculator to apply the latest rate and help you claim the right amount on your next BAS.

There have been 4 fuel tax credit rate changes in recent months; working out your claim can quickly become confusing. Using the wrong rate could mean missing out on credits you’re entitled to or making mistakes that affect your business activity statement (BAS).

Rather than working through multiple rate changes and calculations, our fuel tax credit calculator does the hard work for you. It automatically applies the correct rates based on when you acquired the fuel, not when you used it, and calculates the amount you can claim.

RA Advisory’s registered tax professional can help you with meeting your tax obligations.

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Source: ATO