Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Fuel Tax Credits – Get Money Back for Your NFP


Monday, 11th August 2008 at 2:50 pm
Staff Reporter
Fuel tax credits are expanding, which means more Not for Profit organisations will be able to reduce their organisation's fuel costs according to the Australian Tax Office.

Monday, 11th August 2008
at 2:50 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Fuel Tax Credits – Get Money Back for Your NFP
Monday, 11th August 2008 at 2:50 pm

Fuel tax credits are expanding, which means more Not for Profit organisations will be able to reduce their organisation’s fuel costs according to the Australian Tax Office.

From 1 July 2008 Not for Profits may be able to claim fuel tax credits for the fuel they acquire and use in a range of activities, machinery, plant, equipment and heavy vehicles that they weren’t eligible to claim for before.

The only fuels that are not eligible are aviation fuels, alternative fuels and fuels used in light vehicles of 4.5 tonne gross vehicle mass (GVM) or less travelling on a public road (for example, a car or small van).

Not for Profits must be registered for GST and fuel tax credits before they can make a claim for these new entitlements.

Those organisations registered for GST can register for fuel tax credits now by phoning 13 72 26 anytime (24 hours a day, seven days a week).

Organisations must provide a tax file number and Australian business number (ABN) when they call.

The ATO has an online decision-tool designed to assist organisations in determining whether the fuel they use may be eligible for fuel tax credits.

The tool will help you to determine:
– whether the fuel used in business activities, machinery, plant or equipment or vehicles is eligible for fuel tax credits
– what fuel tax credit rate can be claimed for the eligible fuel use

The decision tool can be found at: http://calculators.ato.gov.au/scripts/net/FTC/Welcome.aspx



Guide to Giving

FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

...


More Suppliers

Tags : Taxation,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Alliance Calls on Government to Lead the Way in Protecting Displaced Children

Lina Caneva

Wednesday, 20th September 2017 at 5:31 pm

Social Media ‘Inspires’ Fundraising Globally – New Research

Lina Caneva

Wednesday, 20th September 2017 at 4:03 pm

Social Procurement Challenge – Crowdsourcing a Solution

Lina Caneva

Wednesday, 20th September 2017 at 2:24 pm

Finding Meaning on the Hamster Wheel? How is That Working for You?

Contributor

Wednesday, 20th September 2017 at 2:16 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!