Fuel tax credit rate change 1 August

Use the correct fuel tax credit rates

Rates changed on 1 July and 1 August — use the ATO’s calculator to apply the correct rates when making a claim on your BAS.

The Australian Taxation Office (ATO) has made changes to the Fuel Tax Credit rates, impacting claiming credits for eligible fuel use.

To benefit from Fuel Tax Credits, it is vital to understand the eligibility criteria and the proper procedures for making claims. The ATO provides comprehensive guidance on their website to assist you in navigating the claiming process effectively.

We understand that keeping up with tax-related changes can be challenging, but we believe that staying informed is key to maintaining a successful and compliant business. By familiarising yourself with the new Fuel Tax Credit rates and ensuring accurate claims, you can make the most of the available benefits and avoid potential issues with the ATO.

For more information and detailed guidance, we encourage you to contact the Omnis Group team in West Perth on 08 9380 3555.

Justin Flavel

Managing Director

Justin’s experience spans across 20 years in accounting, financial analysis and general business practice.

Although born and bred on the land, Justin’s interest was more in spreadsheets, ledgers, and finance which led him to attend university. In 1992, Justin graduated with a Bachelor of Business majoring in Accounting and Finance. As well as qualifying as a CPA member and becoming a Fellow of the Taxation Institute of Australia, he began gaining practical experience in small and mid-tier accounting practices.

During the late 90s, Justin decided to expand his horizons and travel through Europe. It was during this time that he seized the opportunity to expand his knowledge on the workings of large organisations by taking on roles in multinational corporations.

Today, Justin’s passion is in facilitating businesses to grow and evolve. His focus is on acting in the role of business mentor to help clients develop the full potential of their businesses. He joins clients on their unique journey, and provides the tools and knowledge they need along the way to make the right decisions.

Justin’s aim for his clients parallels his own philosophy and personal journey—focusing on his own career growth and business success while maintaining balance in his life with his wife and three daughters.

Omnis Group Managing Director - Justin Flavel