New Fuel Tax Credits for Business - From 1 July 2008  

GET MONEY BACK FOR YOUR BUSINESS

New expanded eligibility from 1 July 2008.

Don't Miss Out

Did you know that from 1 July 2008 most businesses can claim fuel tax credits? If you haven’t checked your eligibility for a while, you may want to check again.

To date, you’ve been able to claim for fuel used in heavy vehicles travelling on a public road, if they had a gross vehicle mass (GVM) greater than 4.5 tonne. You’ve also been able to claim for activities such as agriculture, forestry, fishing, mining, and marine and rail transport.

Now you can also claim fuel tax credits for the diesel and petrol you use in a whole range of activities that weren’t eligible before, including machinery, plant and equipment used in activities such as construction, wholesale, retail, property management and landscaping. Make sure you don’t miss out!

After 1 July 2008, there are even more benefits to being registered. You can claim fuel tax credits for much of the fuel you buy and use in your business from that date. The only exceptions are aviation fuels, alternative fuels and fuels used in light vehicles (of 4.5 tonne GVM or less) travelling on a public road.

There are three different rates of fuel tax credits depending on the way you use fuel in your business activities, as explained in this table.

Activities	Rates as at 1 July 2008
Do you use fuel in heavy vehicles (with a GVM greater than 4.5 tonne) travelling on a public road?	Claim this at 18.51 cents per litre*
Do you use fuel in specified activities such as agriculture, forestry, fishing, mining, marine and rail transport, electricity generation and non-fuel uses that have been eligible since 1 July 2006?	Claim this at 38.143 cents per litre
(After 1 July 2008) Do you use fuel in other activities, machinery, plant and equipment, such as a wide range of construction, wholesale, retail, property, management and landscaping activities?	Claim this at 19.0715 cents per litre**

This means that under the expanded eligibility you can claim around $19 in fuel tax credits for every 100 litres of fuel you use in your business, even if you use it in machinery, plant or equipment such as:

all-terrain bikes (off-road) asphalt pavers augers backhoes blower vacuums bulldozers concrete mixers chainsaws compactors compressors cranes crushers dredges

drills excavators front-end loaders graders hoists lawn mowers motorcycles (off-road) outboard motors pumps rollers skid steer loaders tractors whipper-snippers winches

Get on Board 

You will need to register to get the credits.  LBW can assist you in doing this so please contact us if you wish us to do so.

See the ATO fact sheet on Fuel Tax Credits.