Change to Fuel Tax Credit Rate.
From 1 July 2011, the fuel tax credit rate for heavy vehicles that use fuel such as diesel or petrol and travel on public roads is 15.043 cents per litre. This change is due to an increase in the road user charge.
The ATO consider a heavy vehicle to have a gross vehicle mass (GVM) greater than 4.5 tonne. Diesel vehicles acquired before 1 July 2006 can equal 4.5 GVM tonne.
Please use this new rate when you complete an activity statement for the 2011-12 year.
To substantiate your claims, you will need to keep records that show that you acquired the fuel and how you used its. Fuel dockets, invoices and log books are examples of acceptable records.
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From 1 July 2011, the fuel tax credit rate for heavy vehicles that use fuel such as diesel or petrol and travel on public roads is 15.043 cents per litre. This change is due to an increase in the road user charge.
The ATO consider a heavy vehicle to have a gross vehicle mass (GVM) greater than 4.5 tonne. Diesel vehicles acquired before 1 July 2006 can equal 4.5 GVM tonne.
Please use this new rate when you complete an activity statement for the 2011-12 year.
To substantiate your claims, you will need to keep records that show that you acquired the fuel and how you used its. Fuel dockets, invoices and log books are examples of acceptable records.
Back to News
