Change in Fuel Tax Credit Rate for Truck and Bus Operators

Posted 14 Nov '19

Change in Fuel Tax Credit Rate for Truck and Bus Operators

By Andrea Bradley

Are you aware of the recent FTC rate change for Truck and Bus Operators?

The ATO has amended the guidance in relation to Fuel Tax Credit claims which involve businesses acquiring fuel for incidental use in a vehicle travelling on a public road.  This specifically applies to fuel used to power the cabin air conditioning in trucks and buses.  

The ATO has removed the ability to claim the higher Fuel Tax Credit rate for fuel used to power air conditioning in trucks and buses.  Therefore, the Fuel Tax Credit rate that applies to heavy vehicles on public roads is to be used for all fuel acquired from 1 November 2019.

For more information refer to the ATO website link Heavy Vehicles on public roads.  The current Fuel Tax Credit rates can be found at this link here.

If you require assistance in working out your Fuel Tax Credits or want to know more about how these changes may affect your business, please contact your WDF Professional team member.

Andrea Bradley


Recent Posts

By Charles Talbot

Are you paying the correct amount of superannuation to your employees on time? The Superannuation Guarantee can be complex. It is critical to understand and ensure you are meeting your obligations.

By D'Lene Browning

There are a range of tax measures that are available to primary producers to help minimise tax obligations. Now is the time to review your financial estimate for the 2021 financial year.