Document ID: chunk:federal_register_of_legislation:C2021C00299:section:2:p12
Version: federal_register_of_legislation:C2021C00299
Segment Type: section
Provision Reference: s 2 (pt 12/13)
Character Range: 51066–53770

periods).
      Generally, if you are a business taxpayer, your fuel tax credit for taxable fuel is attributed to the same period as your input tax credit for the fuel (to reduce compliance costs). If you are a non‑business taxpayer, your fuel tax credit for taxable fuel is attributed to the fuel tax return period in which you acquire, manufacture or import the fuel.
      Fuel tax adjustments are attributed to the tax period (or fuel tax return period) in which you become aware of the adjustment.

Subdivision 65‑A—Attribution rules

Table of Sections
65‑5 Attribution rules for fuel tax credits
65‑10 Attribution rules for fuel tax adjustments

65‑5  Attribution rules for fuel tax credits

Attribution rules for fuel you acquire or import
 (1) If you are *registered for GST, or *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to:
 (a) the same *tax period that your *input tax credit for the fuel is attributable to under the *GST Act; or
 (b) the same tax period that an input tax credit would have been attributable to under that Act if the fuel had been a *creditable acquisition or a *creditable importation.
 (2) If you are neither *registered for GST, nor *required to be registered for GST, your fuel tax credit for taxable fuel that you acquire or import is attributable to the *fuel tax return period in which you acquire or import the fuel.

Attribution rule for fuel you manufacture
 (3) Your fuel tax credit for taxable fuel that you manufacture is attributable to the *tax period or *fuel tax return period in which the fuel was entered for home consumption (within the meaning of the Excise Act 1901).

Later attribution rule for fuel tax credits
 (4) If your return for a *tax period or *fuel tax return period does not take into account a fuel tax credit that is attributable to the period mentioned in subsection (1), (2) or (3), then the credit:
 (a) ceases to be attributable to that period; and
 (b) becomes attributable to the first period for which you give the Commissioner a return that does take it into account.
Note: For another attribution rule for fuel tax credits, see subsection 46‑5(4) (GST instalment taxpayers).

65‑10  Attribution rules for fuel tax adjustments
  A *fuel tax adjustment under Division 44 is attributable to the *tax period or *fuel tax return period in which you become aware of the adjustment.
Note: For another attribution rule for fuel tax adjustments, see subsection 46‑5(4) (GST instalment taxpayers).

Part 4‑3—Special rules about entities

Division 70—Special rules about entities

Table of Subdivisions
 Guide to Division 70
70‑A Special rules about entities and how