There are different criteria whichmotor owners must satisfy before they are eligible for fuel tax credit. If you did not know, you are okay to qualify provided you satisfy at least one of the four criterions you are given. Different states have their own options for operators to use in ensuring the emission from their vehicles is done reasonably. Since not so many people are familiar with Fuel tax credit eligibility, a lot of confusion can be taken advantage of thus misinforming people. Check out some of the common questions you will hear based on fuel tax credit.
Can own drivers meet the eligibility requirements?
Various states have given ideal options to make sure that any operator that can maintain their emission related components to the reasonable amount to qualify for fuel tax credit. This section includes a lot of small operators and self-drivers who have managed to meet the set demands for them. Remember these criteria were arrived at after serious consultations were done with operator organizations, manufacturers of different engines and the maintenance professionals in the market, so they should not sound too weird for you.
Am I eligible if I service my own cars?
There are people who are professional automobile experts and do not need to go to the garage for anything. If you are one of those people who fix their own cars, you might be wondering whether that makes you eligible too. The answer is yes, considering criterion 4 allows it aslong as the maintenance demands are all met as dictated by the manufacturer. You will also have to keep all the relevant records for the same just in case theyare asked for later.
Who does the environmental criterion affect?
This is a concern that mostly troubles the people who own excavators, cherry pickers and other types of graders that work in tough tasks. You should know that operators that fall under this section have no need of complying with the environment criteria due to the nature of job being done. The options that are governed by the environmental criterions decided are diesel motorvehicles which are used daily on road for transportation and basic movement. There are a lot of cars which fall within this section so to qualify for fuel tax credit, you must be sure to comply.
What records should be kept?
Just like the tax claims you make, all could be challenging without the right records to refer to. Before you verify your claim, you need to develop a habit of keeping the documents that the Australian Tax Office would need when they come to audit you upon your quest to make a claim. You will have to maintain all fuel purchase records that you make for you to be able to prove your eligibility when you want that fuel tax credit to help you financially.
Hence, you need to keep all the above mentioned points in mind when you want to ascertain if you qualify for fuel tax credit or not or what are the things you need to comply to, in order to get qualified for it
