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Important Fuel Tax Credit Rate changes.
Fuel tax credit rates increased on 1 February 2023, so don’t forget to use the new rates when you calculate your claims on your next BAS.
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 Rate Increase 1 Feb 2022.
Fuel tax credit rates increased on 1 February 2022, so don’t forget to use the new rates when you calculate your claims on your next BAS. Fuel tax credit rates do change regularly. They are indexed twice a year, in February and August, in line with the Consumer Price Index.