Fuel tax credit calculation worksheet
Are you claiming Fuel Tax Credits in your Business?
Fuel tax credits – what you can claim
Refer to this table to find out how much you can claim. The rate varies according to the fuel you have used and the activity you used it in.
Activity/business use |
Eligible fuel |
Rate (cents |
In a vehicle greater than 4.5 tonne GVM travelling on a public road (diesel vehicles acquired before 1 July 2006 can equal 4.5 tonne GVM). |
All taxable fuels – for example, diesel and petrol. |
18.51* |
Emergency vehicles greater than 4.5 tonne GVM travelling on a public road (diesel vehicles acquired before 1 July 2006 can equal 4.5 tonne GVM). |
All taxable fuels – for example, diesel and petrol. |
18.51* |
Specified activities eligible since 1 July 2006 in:
|
All taxable fuels – for example, diesel, petrol and fuel oil. |
38.143 |
Burner applications. |
All taxable fuels – for example, diesel, petrol, heating oil, kerosene and fuel oil. |
38.143 |
Non-fuel uses such as:
|
All taxable fuels – for example, kerosene, fuel oil, toluene, mineral turpentine and white spirit. |
38.143 |
Packaging of fuels in containers of 20 litres or less for non-internal combustion engine use. |
Mineral turpentine, white spirit, kerosene and certain other fuels. |
38.143 |
Supply of fuel for domestic heating. |
Heating oil and kerosene. |
38.143 |
Electricity generation by a commercial generation plant, a stationary generator or a portable generator. |
All taxable fuels – for example, diesel, petrol, heating oil, kerosene and fuel oil. |
38.143 |
Emergency vessels. |
All taxable fuels for example diesel, petrol and fuel oil. |
38.143 |
All other activities, machinery, plant and equipment are eligible from 1 July 2008. Examples of activities are:
|
All taxable fuels – for example, diesel and petrol. |
19.0715** |
If you have any queries in relation to the above information, please feel free to contact on of our friendly staff members here at WMC.
* This rate accounts for the road user charge, which is subject to change.
**The rate of 19.0715 cents per litre is 50% of the full rate of 38.143 cents per litre. The full rate will apply to all these activities from 1 July 2012.