2012 Tax Changes – Fuel changes

Fuel changes

There will be some key changes to fuel tax credits from July 2012. The following rate changes will be affected:

• Liquid fuels, including diesel, petrol or fuel oil used in some off-road activities
• The introduction of a carbon charge
• Heavy vehicles travelling on a public road
• Gaseous fuels
• And some blended liquid fuels

When calculating fuel tax credits, you’ll need to use the rate applied when you acquired the fuel.

For more details on fuel tax credits for fuel acquired from July, you’ll need to check out this table here.