Overview of FTC in Australia
Fuel Tax Credits (FTCs) are a rebate of fuel excise included in the price of fuel used for eligible business activities. FTC is claimed via line item 7D on a Bu...
Guides for FTC setup, BAS reporting, GPS-calculated methods, and compliance support topics.
Fuel Tax Credits (FTCs) are a rebate of fuel excise included in the price of fuel used for eligible business activities. FTC is claimed via line item 7D on a Bu...
Under the ATO's $1, businesses need a fair and reasonable way to apportion fuel use where some fuel is claimable and some is not. In practice, this is usually d...
Nuonic is a software platform developed by Nuonic Pty Ltd that performs analysis of GPS positions and other data related to commercial vehicle activity recorded...
Overview Use this guide to access Nuonic FTC reporting in two ways: Monthly downloadable reports (PDF/Excel) in Tax Credits GPS Apportionment Scheduled reports....
Overview BAS Reports let you create stored FTC calculations for any reporting period and fuel use profile, so you can prepare a complete claim view in one place...
Overview Nuonic automatically adds GPS connected assets to your register where possible. We pull available vehicle data from your telematics provider and run a...
Overview Use the asset register to make sure each vehicle has the data Nuonic needs for accurate FTC apportionment. Steps 1. Sign in to Nuonic. 2. In the left n...
Overview Use the Vehicle activity details view in GPS Apportionment to drill from summary metrics into individual trip level records, map playback, and per trip...
Overview Use GPS Apportionment to review how Nuonic has classified activity across public roads, non public roads, and auxiliary operation. Steps 1. Sign in to...
Custom geofence management in Nuonic will be available soon. When released, this feature will let you define location boundaries and apply classification rules...
ATO rulings explain how the ATO interprets tax law in specific situations. They are important for FTC claims because they help clarify methods, evidence expecta...
Good records are the foundation of a reliable FTC claim. They support claim accuracy, reduce rework, and make BAS preparation faster. What records to keep At mi...
Use these ATO links as the primary source for current FTC rules, rates, and claim processes. Core FTC guidance $1 $1 $1 $1 Calculations and methods $1 $1 $1 $1...
Engaging a professional tax agent can reduce risk and improve the quality of your Fuel Tax Credit (FTC) claims, especially when your fleet operations are comple...