Diesel fuel and tax audits

摘要

In recent months, most of us have been focussing on the introduction and administration of the Goods and Services Tax (GST). As well as the introduction of the GST on 1 July 2000, we also saw the introduction of a new on-road fuel grant scheme known as the Diesel and Alternative Fuels Grants Scheme (the on-road grant) and changes in the Federal Government's administration and eligibility criteria of the Diesel Fuel Rebate Scheme (the off-road rebate).In addition to the off-road rebate, the on-road grant is available for businesses that use diesel and alternative fuels on public roads in certain types of vehicles. The on-road grant provides savings amounting to an approximate 18c per litre reduction in the cost of diesel fuel, which can result in a substantial reduction at a time of ongoing increases in world oil prices.