Changes to Fuel Tax Credit Rates
Those of you in the transport industry should be aware that the fuel tax credit rate for heavy vehicles using diesel and petrol and travelling on public roads changed to 15.543 cents per litre on July 1 2010.
The rate has progressively decreased from 17.143 cents per litre from January 1 2009 and this change is due to the increase in the road user charge. Heavy vehicles are those with a gross vehicle mass (GVM) greater than 4.5 tonne. Diesel vehicles acquired before July 1 2006 can equal 4.5 tonne.
If you have any questions or queries about the fuel tax credit rate and how it could affect your business contact McGillivrays on 6272 6888.
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