Fuel tax credits – six-monthly indexation alert

Fuel tax credit rates increased for fuels acquired from 2 February 2015, due to an increase in the consumer price index. Rates are indexed twice a year – generally on 1 February and 1 August.

Check the rates at fuel tax credit rates and eligible fuels before you complete each BAS. You may need to use more than one rate when calculating your clients’ fuel tax credits for a BAS period.