Private ruling: Fuel tax credits - fair and reasonable apportionment methodology
Published: October 2013
Ruling period: 2012-13 income year | 2013-14 income year | 2014-15 income year
Date scheme commenced: 1 July 2012

Ruling: What is this ruling about? | This ruling considered whether the proposed method of calculating fuel tax credit entitlements for taxable fuel acquired and used in your activities was fair and reasonable. | The Commissioner ruled that calculating fuel tax credits in respect to taxable fuel acquired and used in your activities based on a 70/30% split as a fair and reasonable methodology of apportioning the fuel used in your concrete transit vehicle for the purpose of propelling the vehicle on public roads (70%) and for fuel used in powering the auxiliary equipment of the vehicle, including the fuel used in loading and unloading the concrete (30%).


Relevant legislative provisions: Fuel Tax Act 2006 Section 41-5 | Fuel Tax Act 2006 Subdivision 41-B | Fuel Tax Act 2006 Section 41-20 | Fuel Tax Act 2006 Section 43-5 | Fuel Tax Act 2006 Subsection 43-5(2) | Fuel Tax Act 2006 Section 43-10 | Fuel Tax Act 2006 Subsection 43-10(3)