Businesses can claim fuel tax credits for the excise embedded in the cost of fuel consumed in their operations.
Claim fuel tax credits for the excise embedded in the cost of fuel.
In managing fuel intensive operations, organisations are facing the ongoing pressures of rising costs. The Fuel Tax Credit (FTC) enables organisations to mitigate some of the added financial strain that comes from the excise embedded in the price of fuel.
However, the complex and time-intensive process of claiming credits can be a burden on in-house resources and often results in under-claimed entitlements.
How KPMG can help
KPMG’s FTC specialists adopt a methodical data-driven approach to understanding each client’s fuel tax management system, processes, and specific compliance requirements. Combined with our technology capability – a platform for commercial fleet analytics utilising advanced data science and automation – we create more reliable FTC outcomes.