Fuel tax credit rates increased on 4 February in line with fuel excise indexation.
If you claim less than $10,000 in fuel tax credits per year, next time you calculate your claim just use the rate that applies at the end of that BAS period.
You can also use our simplified record keeping method, making it easier to keep accurate records to calculate and support your claims. Keeping on top of your record keeping will give you an accurate picture of how your business is going.
Remember, registered tax agents and BAS agents can help you with your tax.
See more information on the ATO website: