How far back can I claim retrospective refunds for under-claimed FTC?
How does PPM calculate my retrospective refund entitlement?
Once GPS hardware is installed, we set-up the necessary accounts to start recording sample data in FTC Manager. PPM Tax Group then contact the customer with a request for information, including fleet details, copies of past FTC claim calculation worksheets, fuel acquisition records and general information about the business. Once PPM have a fair and reasonable sample, your refund entitlement is calculated and a formal letter of advice is provided instructing you to claim a refund amount in your Business Activity Statement (BAS).
How are prior years substantiated when the fleet size, customers and locations may have changed?
By using a fair, reasonable and representative sample period and applying the results to past fuel acquisition information. Where your operations have changed significantly over the last four years (eg. fleet size, type of work), your PPM consultant may need to extend the sample period or use additional information to substantiate your refund entitlement.
What happens if I am selected for ATO audit after lodging the retrospective refund claim?
Please advise the ATO audit officer that PPM is acting on your behalf in relation to FTC matters and contact your PPM adviser. PPM Tax Group will then handle completion of the audit on your behalf. PPM has completed many desktop refund audits with a 100% success record.
Does FTC Manager automatically lodge my FTC claims with the ATO?
No. FTC Manager calculates your FTC entitlement, but you (or your Accountant) are still responsible for making the FTC claims on your Business Activity Statement.
What if I’ve never claimed FTC before? Do I need to be registered for FTC? Can I claim refunds?
As long as you are registered for GST, you can register for FTC and claim refunds back to the date of your GST registration up to a maximum of 4 years.
Can I claim FTC for fuel used in light vehicles like utes and 4WDs?
Yes, but only for the portion of fuel used off public roads. For FTC purposes, light vehicles are vehicles with a Gross Vehicle Mass of 4.5 tonnes or less.
Can I claim FTC at the “off-road” rate for fuel used on toll roads?
No. On 22 February 2019, the Administrative Appeals Tribunal decided that toll roads are “public roads” for the purposes of the Fuel Tax Act.
Can I claim FTC at the “off-road” rate for the portion of fuel used to operate the cabin air-conditioning, windscreen wipers or cruise control of my vehicle?
No. On 22 February 2019, the Administrative Appeals Tribunal decided that these uses of fuel are incidental to the vehicle’s travel.
Can I claim for AdBlue?
No. Ad Blue is a fuel additive, it is not an excisable product and therefore not entitled to FTC.