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Director Christine Cameron with local businessman Wayne Daniels.

Christine Cameron with Graham 'Snow' & Christine Kelly.

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Fuel tax credit rate changes from 1 July 2014

 

From 1 July 2014 fuel tax credit rates are changing for:

 

·         many off-road activities due to an increase in carbon charge amounts

·         transport gaseous fuels

 

There is no change to the rate for fuels used in heavy vehicles for travelling on public roads.

 

The Australian Government is proposing to remove the carbon charge for fuels acquired from 1 July 2014. They are also proposing to index excise duty rates for most fuels every six months from 1 August 2014.

 

If one or both of these changes become law fuel tax credit rates will change. The ATO will advise if the law changes.

 

Check out the ATO website for the latest information - ato.gov.au/fueltaxcreditchanges

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