With the reduction of the grant rate for alternative fuels now being set at zero by the Australian Taxation Office, trucking operators using fuel blends which include biodiesel have been advised to amend the way they claim fuel tax credits.
According to the ATO, if a road transport operation is using bio diesel lends which meet the diesel fuel standard, they can claim fuel tax credits as if the fuel were 100% diesel. However, if the blend does not meet the official fuel standard, the operator can only claim for the proportion of the blend which is diesel.
To view a simple guide to the rules, click here.
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