The following tables contain the fuel tax credit rates for businesses from 30 March 2022 to 30 June 2022.
Note: All rates are in cents per litre unless otherwise stated.
Table 1: Fuel Tax Credit rates for fuel acquired from 30 March 2022 to 30 June 2022
| Eligible fuel type | Unit | Used in heavy vehicles (see note 1) | All other businesses (see note 2) |
| Liquid fuels eg. diesel or petrol | cents per litre | 0 (see note 3) | 22.1 |
| Blended fuels: B5, B20, E10 | cents per litre | 0 (see note 3) | 22.1 |
| Blended fuel: E85 | cents per litre | 0 | 9.44 |
| Liquefied petroleum gas (LPG) | cents per litre | 0 | 7.2 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) | cents per kilogram | 0 | 15.2 |
| B100 | cents per litre | 0 | 4.4 |
Table 2: Fuel Tax Credit rates for fuel acquired from 1 February 2022 to 29 March 2022
| Eligible fuel type | Unit | Used in heavy vehicles (see note 1) | All other businesses (see note 2) |
| Liquid fuels eg. diesel or petrol | cents per litre | 17.8 | 44.2 |
| Blended fuels: B5, B20, E10 | cents per litre | 17.8 | 44.2 |
| Blended fuel: E85 | cents per litre | 0 | 18.955 |
| Liquefied petroleum gas (LPG) | cents per litre | 0 | 14.4 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) | cents per kilogram | 0 | 30.3 |
| B100 | cents per litre | 0 | 8.8 |
Note 1: From 1 November 2019, this rate includes fuel used to power passenger air-conditioning of buses and coaches.
Note 2: Claims for packaging or supplying fuel can use the ‘all other business uses’ rate for the appropriate eligible fuel type.
Note 3: From 30 March 2022 until 28 September 2022, businesses using fuel in heavy vehicles for travelling on public roads will not be able to claim fuel tax credits as the road user charge (RUC) exceeds the excise duty paid.
Records you need to keep
To work out your fuel tax credits and support your claims, you need to keep accurate records.
Your records must:
- show the amount of fuel acquired and used in your business and calculations
- be in writing, either electronically or on paper
- be in English or easily translated into English
- be kept for five years, although some records need to be kept longer.
If you claim less than $10,000 in fuel tax credits each year, you can use the simplified approach to keep records and calculate your claim.
Keeping accurate records helps you to correctly claim all the fuel tax credits you are entitled to. If you can’t support your claims with adequate records, you may have to repay all or part of the fuel tax credits you have received. You may also incur penalties and interest charges.
Further help
The following tools will help you check if you’re eligible for fuel tax credits and work out the amount of fuel tax credits you can claim:
- Eligibility tool – check if you can claim fuel tax credits
- Calculator – work out the amount you can claim.
Get in touch:
If you have any questions regarding fuel tax credits or need help with your claims or accounting systems, please call us and we can assist you to get the best possible outcome. You can reach us on (07) 3023 4800 or at mail@marshpartners.com.au.
You can find out more about working with Marsh & Partners here. As your Absolute.Account.Ability partner we’re on a mission to make your business life better. We’ll help you set goals for your business, devise an Action Plan to make them happen and meet with you regularly to ensure you stay on track.
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