Fuel is a significant and rising cost of operations. The Fuel Tax Credit (FTC) regime exists to provide businesses with a credit for the excise paid on fuel used in eligible business activities.
Some activities are eligible for a fuel tax credit at a higher rate. However, accurately substantiating fuel used in these activities and claiming credits is complex and burdensome for in-house resources, often resulting in underclaimed entitlements.
KPMG’s Fuel Tax Credit Automated Solution
Our advanced FTC technology platform, FTC Automator, enables businesses to create detailed, accurate and robust FTC claims. The solution combines the knowledge and expertise of our FTC specialists with GPS capability, advanced data science and automation to deliver:
- Accurate claims
- Time and cost efficiencies through a streamlined digital process
- Data-driven evidence to substantiate claims
- Insights into fleet performance and operational trends that provide broader business value
Key features
Why choose KPMG
Get in touch
David P Sofrà
National Leader, Workforce & Innovation | Chief Technology Officer, Tax & Legal
KPMG Australia
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Frequently asked questions
Some activities, such as off-road operations and fuel used in auxiliary equipment attached to heavy vehicles are eligible for a credit at the higher rate. Examples of typical auxiliary equipment are:
- Cranes
- Refrigeration Units
- Pumps
KPMG’s specialist fuel tax credit advisers support a range of businesses who don’t have advanced data available. We adopt a methodical approach to understand each businesses fleet, operations and fuel usage patterns and design robust methodologies to support fuel tax credit claims.
KPMG uses advanced data analytics to enhance fuel tax credit services by:
- Managing compliance risks associated with fuel tax credit claims through an automated software solution.
- Analysing large datasets of vehicle telemetry data and fuel purchase information.
- Tracking granular vehicle usage through proprietary mapping technology.
- Optimising operations, fuel management and fleet compliance through data-driven insights.
