ATO announces latest FTC rate increase

The Australian Taxation Office (ATO) has announced a slight increase in Fuel Tax Credit (FTC) rates. A reminder to businesses of the importance of maximising every rebate opportunity. EROAD’s ATO-approved FTC solution has already helped customers save thousands of dollars in retrospective and ongoing FTC claims by leveraging GPS telematics data.

New FTC Rates from 3 February 2025

On 3 February 2025, the ATO adjusted FTC rates in line with fuel excise indexation. Updated twice yearly, in February and August, these changes reflect movements in the Consumer Price Index (CPI).

The current off-road FTC rate for fuel purchased from 3 February 2025 is 50.8 cents per litre, up slightly from 50.6 cents per litre over the previous six months. For on-road usage, businesses can now claim 20.3 cents per litre, an increase from 20.1 cents per litre.

Without detailed documentation, businesses can only claim the standard on-road rate, potentially missing out on the higher-value off-road rebates.

How Telematics Simplifies FTC Rebates

For businesses that lack comprehensive records, GPS telematics provides a game-changing solution. Telematics systems identify off-road usage automatically and document it accurately for FTC claims and internal reporting. This isn’t just valuable for future claims—it’s a powerful tool for revisiting old ones.

EROAD’s advanced software allows users to create a six-month pattern of fuel usage so precise that it can be extrapolated for up to four years of claims, in line with ATO rules. With the ability to resubmit claims for previous Business Activity Statement (BAS) periods at the higher off-road rate, the potential savings are substantial.

Custom Geofencing for Maximum Accuracy

EROAD’s FTC solution offers custom geofencing, enabling users to define off-road zones specific to their operations. This functionality ensures accurate identification of off-road usage while automatically pulling all relevant data. The result? Increased claim value, reduced admin effort, and peace of mind that no eligible rebate is left unclaimed.

For businesses operating on thin margins, every cent counts. EROAD’s FTC solution helps you claim what you’re owed, ensuring compliance and unlocking significant savings.