There is now a simpler way to calculate your fuel tax credits for diesel used in heavy vehicles. If you claim less than $10,000 each year, you can use the new basic method for heavy vehicles.
The method makes it easier to work out your on and off public road use.
As the rate for travel off public roads is higher, you’ll get more fuel tax credits if you calculate your off public road use correctly.
”Examples of travel off public roads includes heavy vehicle use in warehouses, depots or car parks, where you may be idling, loading or unloading your vehicle.
10 February 2021ThemeNectar
Travel off public roads includes when you’re idling, loading or unloading your heavy vehicle in warehouses, depots or car parks.
To use the method, 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.
Fuel tax credit rates increased on 1 February in line with fuel excise indexation.
Remember, registered tax agents and BAS agents can help you with your tax.
| Eligible fuel type | Unit | Used in heavy vehicles for travelling on public roads (see note 1) | All other business uses (including to power auxiliary equipment of a heavy vehicle) (see note 2) |
|---|---|---|---|
| Liquid fuels – for example, diesel or petrol | cents per litre |
16.3 |
42.7 |
| Blended fuels: B5, B20, E10 | cents per litre |
16.3 |
42.7 |
| Blended fuel: E85 | cents per litre |
0 |
18.305 |
| Liquefied petroleum gas (LPG) (duty paid) | cents per litre |
0 |
13.9 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid) | cents per kilogram |
0 |
29.3 |
| B100 | cents per litre |
0 |
8.5 |
Note 1: From 1 November 2019, this rate includes fuel used to power passenger air-conditioning of buses and coaches.
Note 2: Claims for packaging or supplying fuel can use the ‘all other business uses’ rate for the appropriate eligible fuel type.
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