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Fuel tax credit rates increased for fuels acquired from 10 November 2014. See the below link for further information.

https://www.ato.gov.au/Business/Fuel-schemes/In-detail/Fuel-tax-credits---for-GST-registered-businesses/Overview/Fuel-tax-credits---changes-from-1-July-2014/

If you have already lodged your BAS for fuel acquired after this date you will be entitled to more fuel tax credits and can claim these credits by amending your BAS. If you require assistance with this, please don’t hesitate to contact your accountant.

Further information can be found on the ATO website: https://www.ato.gov.au/Business/Fuel-schemes/In-detail/Fuel-tax-credits---for-GST-registered-businesses/Claiming-and-making-adjustments/Fuel-tax-credits---making-adjustments-and-correcting-errors/

General Advice

The information provided by Bentleys (Sunshine Coast) Pty Ltd does not constitute financial product advice and is for general information only. It is written without taking into account any individuals personal objectives, situation or needs, and is not intended as professional advice. Any person acting upon such information without receiving specific advice, does so entirely at their own risk. Please contact your Accountant to discuss your personal situation before relying on this information.