ATO releases fuel tax credit taxpayer alert

As detailed by Leonie Ferretter and Andy Larmour, the ATO recommends taxpayers consider whether the use of any Fuel Tax Credit (FTC) technology has a product ruling.

The Australian Taxation Office (ATO) has released Taxpayer Alert TA 2021/3 which outlines the administrator’s concerns around the use of Global Positioning System (GPS) technology products for the substantiation of Fuel Tax Credit (FTC) claims. The concerns largely relate to whether assumptions made, and samples used, in making GPS-based FTC claims result in a fair and reasonable outcome that can be substantiated. What the ATO’s concerns are The ATO’s concerns in respect of GPS products ca...

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Authors: Leonie Ferretter, Andrew Larmour

Published Date: 26 October 2021