SMSF – ATO finalises its position in relation to event-based reporting
After detailed consultation with the self-managed super fund (SMSF) sector, the ATO announced today that its i
On 1 July 2016, fuel tax credit rates for:
Remember to apply the correct rate when you calculate the fuel tax credit claim on your business activity statement (BAS).
Fuel tax credit rates are indexed twice a year, in February and August, in line with the consumer price index (CPI).
If you use heavy vehicles mainly off public roads, your vehicles may be on the list of heavy vehicles that the ATO considers are used fully off public roads – for example, harvesters or bulldozers.
You can also use the ATO’s online tools to help calculate fuel tax credit claims and work out which business activities are eligible.