Steer Your Business to Compliance and Growth with Maximum Fuel Tax Credits
WORDS BY TELETRAC NAVMAN
For Australian businesses that run on heavy fuel consumption such as transport, dealing with fuel tax credits( FTC) can be a complex and time-consuming task – and one that is all too easy to skip over when managing a busy fleet. But businesses across the country are discovering the value in investing in a simple solution.
Teletrac Navman’ s FTC Manager, the first solution of its kind to receive both the Australian Taxation Office’ s( ATO) product ruling and class ruling, is a game-changer for how businesses approach fuel tax compliance and claims. By automating compliance and maximising rebate entitlements, FTC Manager is helping companies save significant amounts of money, which, in many cases, are substantial enough that the system pays for itself.
Under Australian tax law, businesses are entitled to the highest rate of fuel tax credit for fuel that is used in operations other than travel on public roads. This includes fuel consumed during road construction and maintenance, even when performed on public roads. FTC Manager ensures that businesses can claim these entitlements more accurately than current manual methods by using real-time, highdefinition, second-by-second GPS location data. This means that businesses can benefit from a significant financial return through more accurate measurements, enabling them to claim the maximum refund available.
Automatically calculating fuel tax requirements also reduces the administrative costs and mitigating tax risks. This reclaimed capital can be reinvested into core operations, driving growth and efficiency. With taxation processes integrated into the platform, users’ claims are both accurate and transparent to ensure compliance with current regulations.
Tailored for a diverse range of industry needs
FTC Manager is built to serve a broad range of industries, including construction, agriculture, forestry, mining, government, service, and transport. Its adaptability ensures that businesses of all sizes and types can maximise their fuel tax claims without compromising compliance. As an example, for road
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