Important fuel tax credit rate changes.

Fuel tax credits (“FTC”) regularly change, so it’s important to know the correct rate to apply to your business activity statement (“BAS”).  Multiple rates may apply to your September 2022 Quarter BAS.

Fuel tax credit rates changed from 1 July (biodiesel only), 1 August and 29 September 2022.  The temporary reduction of fuel excise duty also ended on 28 September 2022. This means for your September quarter BAS you will need to split up your fuel usage and you must apply several different rates, based on the date the fuel was acquired.

Refer to the tables below for the different rates over the course of the July-September quarter.  If you need to claim FTC prior to 1 July 2022, please get in touch and we can provide you with the older rates.

Rates for fuel acquired from 29 September 2022:

Rates for fuel acquired from 1 August 2022 to 28 September 2022:

Rates for fuel acquired from 1 July 2022 to 31 July 2022:

*From 30 March 2022 until 28 September 2022, businesses using fuel in heavy vehicles for travelling on public roads cannot claim fuel tax credits as the road user charge (RUC) exceeded the excise duty paid.

If you require any further information regarding fuel tax credits, including eligible fuels, definition of heavy vehicles etc, please don’t hesitate to contact this office.