Fuel Tax Credit Rates have changed
Domenic Tartaglia • 1 March 2021

Fuel Tax Credit Rates have changed.

Fuel tax credit rates changed as of 1 February 2021
 
Business which use fuel in heavy vehicles or other machinery, may be eligible to claim credits from the ATO for the fuel tax (excise or customs duty).
 
This includes the tax in the price of fuel used in any of your business's:

  • machinery
  • plant
  • equipment
  • heavy vehicles
  • light vehicles travelling off public roads or on private roads 

The new rates can be found on the ATO website.

If you would like to find out if you are eligible to claim Fuel Tax Credits, or need assistance with lodging a claim, speak to your Aspen Corporate Advisor.  

by Aspen Corp 11 June 2025
The US economy experienced a notable slowdown in the first quarter of 2025, China announced a new stimulus package.
by Aspen Corp 11 June 2025
With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses.
by Aspen Corp 10 June 2025
As the Labour party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
by Aspen Corp 7 May 2025
With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.
by Aspen Corp 6 May 2025
The ATO has updated its small business benchmarks with the latest data taken from the 2022–23 financial year.
by Aspen Corp 5 May 2025
It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.
More posts