Are You Receiving Your Correct Entitlement To Fuel Tax Credits?

Processing Fuel Tax Credits (FTC) may appear a straight forward task to many, however this is not always the case due to ongoing changes involved with claiming fuel tax credits. Unfortunately these changes are not always transparent to those claiming FTC.

At Access Capital we want to make sure our clients are receiving the Fuel Tax credits which they are entitled to – potentially generating additional income as a result!!

We have therefore partnered with AIT Specialists Pty Ltd (AIT) to provide assistance to our clients throughout Australia to ensure they claim and receive the correct entitlements for their Fuel Tax credits.

The following are two examples of how AIT have recently assisted businesses save money!

Bulk Haulage

A regional bulk haulage and landscape supplies business with a fleet of 12 prime movers and tipper trailers conducted a review through AIT Specialists. Due to legislation changes made within the last 4 years, it was identified that all trucks were eligible to claim back additional Fuel Tax Credits (FTC) that would have otherwise been missed.

A retrospective back claim was prepared, totalling in excess of $50,000.

In addition to the back claim prepared, AIT Specialists has now set the business up to maximise their FTC entitlement in the future

Civil Contractor

A medium sized civil contractor was confident that their Fuel Tax Credit (FTC) claims were correct and the business was across all the current legislation, however the business owners agreed to an FTC review by AIT Specialists.

The review was conducted and uncovered many avenues that lead to the recovery of additional Fuel Tax Credits in excess of $250,000.

In addition AIT Specialists were engaged to manage the business FTC position ongoing resulting in an increase in their annual FTC entitlement by a minimum of $44,000 p.a.

The above are not isolated cases. A large number of businesses are currently not claiming the amount of Fuel Tax Credits they are entitled to!

To see if you are missing out on valuable Fuel Tax Credits please contact either Jake, Dean Bailey, Dean Kumnick, Peter, John or Liz at Access Capital to arrange to have your claims checked.

PLEASE NOTE: AIT Specialists fee structure is based on a success rate. If additional credits are not found – there is no applicable fee!!

If you would like to find out more, or arrange an initial analysis of your claims please call  Jake, Dean Bailey, Dean Kumnick, Peter, John or Liz on 08 8334 2100.


Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

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