Fuel tax credit rates have increased

Fuel tax credit rates increased on 2 August 2021 in line with fuel excise indexation.

You may need to use different rates for fuel acquired before and after 2 August.

If you claim less than $10,000 in fuel tax credits per year, you can use simplified methods including:

  • the rate that applies at the end of your BAS period
  • the Basic method for heavy vehicles to calculate your claims if you use a heavy vehicle.

The next time you work out your fuel tax credits, remember to:

  • check how your fuel is used
  • check you’re using the right rate
  • use simplified methods to make calculating your fuel tax credits easier
  • check your calculations to ensure you haven’t over-claimed
  • keep complete and accurate records to support your claim.

And if you have any queries please don’t hesitate to check with your expert STS Accountant.