29 March 2024

Tax law change for overpayments on fuel tax credits
4 June 2010

Amendments recently announced by the Australian Government affect the law on fuel tax credits. These amendments arose from the Board of Taxation review into the administration of the goods and services tax (GST).
Most of the tax law changes affecting fuel tax credits will apply from 1 July 2010. However, the tax law change for overpayments on fuel tax credits took effect from 1 April 2010 and applies whether you are registered, or not required to be registered for GST.
If your BAS claim period for fuel tax credits starts on or after 1 April 2010 and you receive an overpayment of fuel tax credits, that is you made an over-claim, this will be treated as tax that is due. You must repay this amount plus any general interest charge (GIC) owing from the date of the overpayment. You may also be liable for a penalty which will be worked out from the date of the overpayment.

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