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ATO presents new option to calculate fuel tax credits

‘Basic method’ aimed at heavy vehicle owners who claim less than $10,000


The Australian Taxation Office (ATO) is highlighting a heavy vehicle fuel tax solution for those with modest claims to make.

The ATO has recently released a simpler way to calculate fuel tax credits for diesel used in heavy vehicles

Truck owners that use a heavy vehicle and who claim less than $10,000 each year can use the new “basic method”.

Read how the ATO focused on the Taxable Payments Reporting System, here

“The method makes it easier to work out your fuel tax credit claim, including your on and off public road use,” the ATO advises.

“As the rate for travel off public roads is higher, you will get more fuel tax credits if you calculate your off public road use correctly.

“Travel off public roads includes when you’re idling, loading or unloading your heavy vehicle in warehouses, depots or car parks.

“All you need is the distance you’ve travelled and the amount of eligible diesel you’ve acquired for use in the heavy vehicle for the tax period to use the method.

The basic method for heavy vehicles when lodging the next business activity statement (BAS) can be found here.

Those who have just started using fuel in their businesses should check if they are eligible for fuel tax credits on the ATO website here.


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