Fuel Tax Credit Rate Changes for the 2020 financial year
For those businesses who are registered for fuel tax credits (FTC), do you know there are THREE different rate changes (so far) in the 2020 financial year?
The following tables will come in handy when you prepare your quarterly BAS.
Remember we are always available if you need a helping hand!
The new rates below apply from 3 February 2020 are as follows:
| Eligible fuel type | Unit | Used in heavy vehicles for travelling on public roads | All other business uses (including to power auxiliary equipment of a heavy vehicle) |
| Liquid fuels, for example diesel or petrol | cents per litre | 16.5 | 42.3 |
| Blended fuels: B5, B20, E10 | cents per litre | 16.5 | 42.3 |
| Liquefied petroleum gas (LPG) (duty paid) | cents per litre | 0.0 | 13.8 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid) | cents per kilogram | 0.0 | 29.0 |
| Blended fuel: E85 | cents per litre | 0.0 | 15.78 |
| B100 | cents per litre | 0 | 5.60 |
Fuel Tax Credit rates applicable between 5 August 2019 to 2 February 2020:
| Eligible fuel type | Unit | Used in heavy vehicles for travelling on public roads | All other business uses (including to power auxiliary equipment of a heavy vehicle) |
| Liquid fuels, for example diesel or petrol | cents per litre | 16.0 | 41.8 |
| Blended fuels: B5, B20, E10 | cents per litre | 16.0 | 41.8 |
| Liquefied petroleum gas (LPG) (duty paid) | cents per litre | 0.0 | 13.7 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid) | cents per kilogram | 0.0 | 28.7 |
| Blended fuel: E85 | cents per litre | 0.0 | 15.62 |
| B100 | cents per litre | 0.0 | 5.6 |
Fuel Tax Credit rates applicable between 1 July to 4 August 2019:
| Eligible fuel type | Unit | Used in heavy vehicles for travelling on public roads | All other business uses (including to power auxiliary equipment of a heavy vehicle) |
| Liquid fuels, for example diesel or petrol | cents per litre | 15.8 | 41.6 |
| Blended fuels: B5, B20, E10 | cents per litre | 15.8 | 41.6 |
| Liquefied petroleum gas (LPG) (duty paid) | cents per litre | 0.0 | 13.6 |
| Liquefied natural gas (LNG) or compressed natural gas (CNG) (duty paid) | cents per kilogram | 0.0 | 28.5 |
| Blended fuel: E85 | cents per litre | 0.0 | 15.505 |
| B100 | cents per litre | 0.0 | 5.5 |
