Fuel Tax Credits Expanding For NonProfits
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August 14, 2008We see through ProBono Australia that the Australian Tax Office (ATO) is expanding fuel tax credits, meaning more NonProfits will be able to reduce their organisation’s fuel costs.
From 1 July 2008 NonProfits may be able to claim fuel tax credits for fuel they buy and use in a range of activities for which they weren’t eligible to claim before:
- machinery
- plant
- equipment and heavy vehicles
The only fuels that are NOT eligible are aviation fuels, alternative fuels and fuels used in light vehicles of 4.5 tonne gross vehicle mass (GVM) or less travelling on a public road (for example, a car or small van).
What Do You Have To Do To be Eligible?
NonProfits must be registered for GST and fuel tax credits before they can make a claim for these new entitlements.
Those organisations registered for GST can register for fuel tax credits now by phoning 13 72 26 anytime (24 hours a day, seven days a week).
Organisations must provide a tax file number and Australian business number (ABN) when they call.
Online Decision-Tool
The ATO has an online decision-tool designed to assist organisations in determining whether the fuel they use may be eligible for fuel tax credits.
The tool will help you to determine:
– whether the fuel used in business activities, machinery, plant or equipment or vehicles is eligible for fuel tax credits
– what fuel tax credit rate can be claimed for the eligible fuel use
This ‘decision tool’ can be found at: calculators.ato.gov.au/scripts/net/FTC/Welcome.aspx”>.
