Fuel Tax Credits
Key contract information
| Contract number | LGAP 22048 |
|---|---|
| Contract start date | 1 October 2021 |
| Contract expiry date | 30 September 2026 |
| Extension options | 3 x 12 month extensions available |
| Management fee | 10% of the 25% rebate charged to councils is applicable to this contract |
| Procurement method | Contact AIT Specialists (an engagement letter will be provided by the supplier) |
| Further information | Please read AIT Specialists capability statement |
Services
LGA Procurement engages AIT Specialists Pty Ltd to provide the following services:
- Review Fuel Tax Credit claims and prepare retrospective claims for any missed credits.
- Provide advice on appropriate systems to use in the preparation of claims.
- Act as a point of contact for all matters regarding Fuel Tax Credits.
- Prepare ongoing claims for councils.
The review is operated by AIT Specialists under a success-fee only structure. Nationally, this company has yet to work with a council who has undiscovered fuel tax credits.
Eligible liquid fuels include petrol, diesel and many other liquid fuels.
It takes minimal effort with AIT Specialists only requiring an initial meeting and council provision of a list of fleet vehicles and amount of fuel purchased.
A key point to rebate reviews is that claims can be made retrospectively across a four year period (even for the new categories) – so it’s worth pencilling in a revisit every two years.
Benefits for undertaking this service
- No savings = no fee unless retrospective rebate is identified and collected from the ATO.
- Opportunity for claiming rebates across a 4 year retrospective period.
- Analysis undertaken by expert in the field of review and collection of outstanding Fuel Tax Credits.
- Potential identification of fuel not covered under the ATO writings—to be presented seeking a private ruling.
- All retrospective claims and negotiations with the ATO through the BAS, undertaken by experts on council's behalf.
- Voluntary disclosure of overpayments has to date resulted in negotiations with ATO waiving all penalties.
- Advice on ongoing reporting to meet administrative and legislative regulations.
Australian Taxation Office Compliance
The ATO released a new practice statement in 2021 which effects most councils and businesses in SA. With the ATO's strict
4-year retrospective claim policy, it is imperative that all councils take advantage of this new policy as soon as possible to maximise this extra revenue stream. AIT Specialists has significant experience in this area and makes the process simple and cost efficient.
