Fuel Tax Credits (FTC) provide eligible Businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:

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

The FTC credit amount depends on when the Business acquires the fuel, the type of fuel used and the activity the fuel is used for. Fuel tax Credits rates also change twice per year so it's important to check the rates each time you do your business activity statement (BAS).

If your Business is eligible for Fuel Tax Credit, the ATO provides a simple online calculation tool to determine your applicable credit. To ease the Fuel Calculation it is also advisable to set a Petrol Account with Businesses like Motorpass which can provide a Statement showing the total litres of the Fuel used over the quarter. 

Calculate Fuel Tax Credits

1. Download your Fuel Quarterly Activity Report from your Fuel Provider
   
   è  A Sample of a Quarterly Fuel Activity Report
   
   
   
   
2. From your Web Browser go to the ATO Fuel Credit Tax Online Calculator
   
   è  The Fuel Tax Credit Calculator
   
   
   
   
3. Select the following options:
   • Claim type > Select:Calculate my claim using simplified tax credits
   • BAS cycle > Select the BAS cycle applicable to your Business
   • BAS cycle start date > Select the BAS cycle start date you wish to claim
4. Add the claimable fuel types
   
   è  The Fuel Tax Credit Calculator
   
   
5. Click on [Add]
6. Select/Enter the following details:
   • Fuel Type > Select the fuel type you wish to claim
   • Business Use > Select the Business Activity the fuel was used for
   • Quantity > Type the total fuel litres from your Quarterly Activity Report
     Note: type the full number of litres excluding the decimal points
7. Click on [Save]
8. Repeat the above steps for all other claimable fuel types
9. If you have made a mistake in a previous Activity Statement, you can click on [Add adjustment] and make an FTC Adjustment to the current BAS
10. Once you have entered all fuel types and any applicable adjustments, click on [Calculate]
    
    è  The Fuel Tax Credit Calculator
    
    
    
    
11. Add  the calculated Fuel Tax Credits/Adjustments to the relevant fields in your Activity Statement

Training Resources & References

ATO - Fuel Tax Credits for Business