Key Points

• Business owners can use the basic method to calculate fuel tax credits for diesel used in heavy vehicles, if you claim less than $10,000 each year.
• You can use this method for diesel acquired on or after 1 October 2020.

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Business owners can use the basic method to calculate fuel tax credits for diesel used in heavy vehicles, if you claim less than $10,000 each year.

The method makes it easier to work out on and off public road use.

The rate for travel off public roads is higher than on public roads. This means you will get more fuel tax credits if you calculate off public road use correctly.

Examples of travel off public roads includes heavy vehicle use in warehouses, depots or car parks, where you may be idling, loading or unloading your vehicle.

You can use this method for diesel acquired on or after 1 October 2020. However, you cannot use another method for calculating fuel used for travel on and off public roads if you use this method.

If you have any questions or need advice and clarity specific to your business, feel free to contact Semmens & Co on 03 8320 0320 for a free consultation.