How to claim Fuel Tax Credits – Updated rates to 28 September 2022

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If you are eligible to claim Fuel Tax Credits and lodge a quarterly BAS, you may have to apply 3 different rates this quarter.

Fuel tax credit rates change regularly. They are indexed twice a year – in February and August – based on the upward movement of the consumer price index (CPI).

The CPI indexation factor for rates from 1 February 2022 is 1.021.

Fuel tax credit rates may also change in July for fuel used in a heavy vehicle for travelling on public roads. This is due to changes to the road user charge, which is reviewed annually. In July, rates will also change for biodiesel (B100) due to an annual increase in excise duty rates.

From 30 March to 28 September the excise and excise equivalent customs duty rates have halved for petrol, diesel, and all other petroleum-based products except aviation fuels. This temporary measure will apply for 6 months and therefore FTC are also halved.

Fuel Tax Credits rate are based on when the fuel is acquired. In the next three quarters, Jan to Mar, Apr to Jun and Jul to Sep, businesses using fuel in heavy vehicles for travelling on public roads will see their credits claim reduced.  This is because the road user charge exceeds the excise duty you'll pay, and this reduces the fuel tax credit rate to nil.

If you’ve made a mistake, there are time limits for claiming fuel tax credits, making adjustments and correcting errors – generally, you must claim or amend your claim within 4 years.

The following tables contain the fuel tax credit rates for businesses from:

2 August 2021 to 31 January 2022

1 February 2022 to 29 March 2022

30 March 2022 to 28 September 2022

Fuel Type Unit Used in heavy vehicles for travelling on public roads All other business uses
Liquid Fuels (inc Diesel and Petrol)Cents per litre16.943.3
Blended Fuels (B5 B20 E10)Cents per litre16.943.3
Blended Fuel E85Cents per litre018.565
LPGCents per litre014.1
LNG or CNGCents per litre029.7
B100Cents per litre029.7
Fuel Type Unit Used in heavy vehicles for travelling on public roads All other business uses
Liquid Fuels (inc Diesel and Petrol)Cents per litre17.844.2
Blended Fuels (B5 B20 E10)Cents per litre17.844.2
Blended Fuel E85Cents per litre018.955
LPGCents per litre014.4
LNG or CNGCents per litre030.3
B100Cents per litre08.8
Fuel Type Unit Used in heavy vehicles for travelling on public roads All other business uses
Liquid Fuels (inc Diesel and Petrol)Cents per litre022.1
Blended Fuels (B5 B20 E10)Cents per litre022.1
Blended Fuel E85Cents per litre09.44
LPGCents per litre07.2
LNG or CNGCents per litre015.2
B100Cents per litre04.4

It's important you check the accuracy of your claims before you lodge your business activity statement (BAS). If you have made an error on your BAS, or you think you need to correct or adjust it. Please contact Link Advisors on (07) 3899 8311.