Many of our clients currently claim credits on their Business activity statements for the tax they have paid on fuels such as diesel and petrol. This rebate can quite significantly reduce a client's GST liability or be returned to them as a refund if no GST is payable.
The most common claims are for:
There are a number of other uses of fuel that could make you eligible for a fuel tax credit. So if you think you might be eligible please give us a call.
From 1 July 2012 the new carbon tax legislation will result in changes to the fuel tax credit system.
Everyone is advised to keep records of when fuel purchases are made, what type of fuel was acquired and what type of activity it was used for. Changes to the fuel tax credit rates are going to happen progressively through until 30 June 2015 and good records will assist us in making sure your claims are correct.
The new rates that come into effect from 1 July 2012 are as follows
Liability Limited by a Scheme Approved Under Professional Standards Legislation
SWAN HILL OFFICE
14 Pritchard Street
Swan Hill VIC 3585
Phone:
03 5032 9422
Fax:
03 5032 9750
BALRANALD OFFICE
139 Market Street
Balranald NSW 2715
Phone:
03 5032 9422
Fax:
03 5032 9750
CHARLTON OFFICE
54 High Street
Charlton VIC 3525
Phone:
03 5032 9422
Fax:
03 5032 9750
BARHAM OFFICE
13 Mellool Street
Barham NSW 2732
Phone:
03 5032 9422
Fax:
03 5032 9750