Fuel tax credit rate changed for heavy vehicles

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From 1 July 2010, the fuel tax credit rate for heavy vehicles that use fuel such as diesel or petrol and travel on public roads, is 15.543c/L. This rate change is due to an increase in the road user charge.

A heavy vehicle is one with a gross vehicle mass (GVM) of more than 4.5t. Diesel vehicles acquired before 1 July 2006 can equal 4.5t.
To substantiate your claim, you will need to keep records that show you acquired the fuel and how you used it. Fuel dockets, invoices and log books are examples of acceptable records. You will need to keep these records for five years from when you made your claim.
GST changes
Recent changes to GST law may also be relevant to you. They affect fuel tax credit overpaid refunds, time limits for claiming, tax invoices and GST groups and joint ventures.
For more information, refer to www.ato.gov.fuelschemes and go to ‘Fuel tax credits for GST registered businesses’ – then select:

‘Overview’ – ‘Fuel tax credit rates and eligible fuels’
‘Legislation and Rulings’ – ‘Changes to GST and indirect taxes’.

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Fuel tax credit rate changed for heavy vehicles

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