Ato diesel fuel rebate calculator
Richard uses 728 L to calculate his fuel ashley furniture coupon code 2017 tax credits.
You can use any apportionment method considered fair and reasonable for your circumstances to work out the quantity of fuel when claiming fuel tax credits.
See also: Step 3: Work out the amount.
Sharon determines that out of the fleet, only 50 vehicles travel to the local town, and the remainder operate solely within the mine site undertaking certain uses.Richard is aware diesel he uses in making the journeys to Manjimup is not eligible for fuel tax credits.Do not include cents.He can then work out the amount of fuel that is eligible for each period, and do the calculations to work out the amount of fuel tax credits he can claim.Step 1: Work out the eligible quantity.A significant number of similar vehicles or equipment is not required in the sample size, provided the circumstances and conditions of their use is consistent.As the company continues to operate the same number of trucks without substantially changing their pattern of fuel use, the percentage use amount the company uses on its next BAS.If you use the average fuel consumption rate measure, you need to keep appropriate records that detail how the eligible quantity used was worked out.If the rate changes during the BAS period, Tom needs to separate the operational hours recorded before and after the rate change.Her records show the following fuel consumption for the BAS period: light vehicles used exclusively on mine site 15,000 L light vehicles that travel on public roads and mine site 5,000 L heavy vehicles and plant 250,000.
Griffin Transport uses 11,550 L to calculate its fuel tax credits.
End of example, deductive method, using the deductive method, you subtract the quantity of ineligible fuel (for example, fuel used in light vehicles on public roads) from the total fuel you acquired.
We have tools to help you to work out your claim online.
The light vehicles are used: within the mine site eligible for fuel tax credits to travel from the mine site to the local town on public roads ineligible for fuel tax credits.
To use this method, you must keep detailed records of your taxable fuel usage during an appropriate sample period of your choice.You can use the commonly used methods and reliable measures to apportion fuel used in heavy vehicles for travelling on public roads or to power the auxiliary equipment of the heavy vehicle.You can use this calculator with your smart device, using the.For help when answering a question, you can: click on the, help '?' button at the top of the screen hover over the '?' at the end of a question.Tim adds up the tax invoices and records of fuel he purchased during the quarterly BAS period.Do this by multiplying the eligible quantity of fuel by the relevant fuel tax credit rate when you acquired the fuel (step 1 step 2).Help using the tools, the tools provide clear, step-by-step instructions.Once you've established a reliable use percentage, you can apply this to fuel you acquire to work out the fuel tax credits you can claim.His records show the total fuel used in the monthly BAS period was as follows: Diesel 8,250 L for use in his cranes in building/construction 125 L for on-site use in the 4WD utility 375 L for on-road use in the 4WD utility (not eligible for fuel tax.
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