Fuel tax credits

Fuel tax credit business records

To work out your business's fuel tax credits accurately and support your claims, you need to keep complete and accurate records.

Information your records must show	Examples of types of records
You are carrying on a business. The type, date and quantity of fuel that you acquired for your business activities. How the fuel was used in your business for eligible and ineligible activities. You applied the correct rate when calculating how much you could claim. The vehicle meets one of the environmental criteria (if it’s a heavy diesel vehicle manufactured before 1 January 1996).	Tax invoices, bank statements. Logbooks. Fuel supplier statements. Copies of contracts to show that you are carrying on a business and the activities that the fuel was used in. Worksheets and other details showing work carried out. Fuel issue records. Odometer readings, route distances. GPS/telematics data to show where the fuel has been used in your vehicles, equipment or machinery. Calculation worksheets. Service records and maintenance schedules.

Information your records must show

Examples of types of records

You are carrying on a business.
The type, date and quantity of fuel that you acquired for your business activities.
How the fuel was used in your business for eligible and ineligible activities.
You applied the correct rate when calculating how much you could claim.
The vehicle meets one of the environmental criteria (if it’s a heavy diesel vehicle manufactured before 1 January 1996).

Tax invoices, bank statements.
Logbooks.
Fuel supplier statements.
Copies of contracts to show that you are carrying on a business and the activities that the fuel was used in.
Worksheets and other details showing work carried out.
Fuel issue records.
Odometer readings, route distances.
GPS/telematics data to show where the fuel has been used in your vehicles, equipment or machinery.
Calculation worksheets.
Service records and maintenance schedules.

You need to keep more than one of these types of record to support your claims for 5 years. Some records may need to be kept for longer.

3 mins

Fuel tax credits overview	0%
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5 mins

What fuels are eligible for fuel tax credits?	0%
Fuels that aren’t eligible for fuel tax credits	0%
Activity	0%

13 mins

What business activities are eligible for fuel tax credits?	0%
Heavy vehicles travelling on public roads	0%
Environmental criteria for heavy diesel vehicles	0%
Activity	0%
All other business uses	0%
Activity	0%
Fuel used off public roads	0%
Activity	0%
Activities that are not considered travelling	0%
Fuel for powering auxiliary equipment used in heavy vehicles	0%
Activity	0%
Packaging and supplying fuel	0%
Activity	0%

5 mins

Using the ATO fuel tax credit eligibility tool	0%
Case study: JP Contracting’s eligibility for fuel tax credits	0%
Information you need to calculate your fuel tax credits claim	0%

3 mins

Fuel tax credit rates	0%
Activity	0%
Case study: JP Contracting identifying fuel tax credit rates	0%

10 mins

Calculating your litres of fuel	0%
Constructive method	0%
Deductive method	0%
Percentage use method	0%
Activity	0%
Case study: JP Contracting litres of fuel calculation	0%

25 mins

Overview	0%
Calculation methods	0%
Activity	0%
Basic method for heavy vehicles	0%
Using the rate that applies at the end of the BAS period	0%
Work out your litres	0%
Simplified record keeping	0%
Heavy vehicles used mainly off public roads	0%
Activity	0%
Simplified method for calculating fuel used in heavy vehicles with auxiliary equipment	0%
Other methods to calculate fuel used in auxiliary equipment	0%
Fuel tax credits following a disaster	0%
The ATO fuel tax credit calculator	0%
Using the ATO fuel tax credit calculator to calculate simplified fuel tax credits	0%
Case study: JP Contracting using the fuel tax credit calculator	0%

4 mins

Claim fuel tax credits	0%
Fuel tax credits and contractual arrangements	0%
Activity	0%
Other obligations	0%
Case study: JP Contracting claiming fuel tax credits	0%

2 mins

How to register for and report fuel tax credits	0%
Activity	0%

2 mins

Fuel tax credit business records	0%
Simplified record keeping	0%

1 mins

Related courses	0%

Course Feedback	0%