18 Mar 2021 GST
Working out your fuel tax credits: Basic method for heavy vehicles
You can use the basic method for heavy vehicles to calculate fuel tax credits for diesel used in heavy vehicles if you claim less than $10,000 each year. The method makes it easier to work out on and off public road use.
You can use this method for diesel acquired on or after 1 October 2020:
- Step 1: Calculate litres of diesel used on public roads
- Step 2: Calculate litres of diesel used off public roads
- Step 3: Calculate your fuel tax credits for the tax period