Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:

• machinery

• plant

• equipment

• heavy vehicles

• light vehicles travelling off public roads or on private roads.

The amount depends on when you acquire the fuel, what fuel you use and the activity you use it in. The amount of credit changes every six-months (February & August), with current Fuel Tax Credits increased per CPI indexes so it's important to check the rates each time you do your business activity statement (BAS).

For businesses managing a vehicle fleet, or using fuel for business activities, the Fuel Tax Credits scheme can be an excellent route for claiming full or partial credits.

Some fuels and activities are not eligible including fuel you use in light vehicles of 4.5 tonnes gross vehicle mass (GVM) or less, travelling on public roads.

What sort of vehicles is this relevant to?

• concrete transportation vehicles;

• refrigerated vehicles;

• waste management collection vehicles

• long-haul vehicles with sleeper cabins;

• vehicles with specialised auxiliary equipment (ie. trucks with equipment for unloading/loading, elevated work platforms, truck-mounted loader cranes, drilling equipment, pumping equipment, and truck-blower for dry goods).

Check out the eligible fuel and the fuel tax credit rates here >>