Wednesday, 24 August 2016
FUEL TAX CREDITS - ARE YOU MISSING OUT?
Fuel tax credits provide businesses with a credit for the fuel tax that is included in the price of fuel purchased for machinery, plant, equipment, heavy vehicles, and light vehicles travelling off public roads used in the business. In order to claim fuel tax credits you must be registered for GST, the credits are claimed through your Business Activity Statements.
Fuel tax credits are often available to businesses in the agriculture, fishing, mining, construction and landscaping industries. To check whether you might be eligible to receive fuel tax credits visit the ATO’s eligibility tool at:
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.