ATO Fuel Relief: What You Need to Know

We would like to inform you about a recent initiative announced by the Australian Taxation Office (ATO) in response to rising fuel costs, known as the ATO Fuel Response.

What is the ATO Fuel Response?

The ATO Fuel Response is a government support measure designed to assist businesses experiencing cash flow pressure due to increased fuel and transport costs. It is not a grant or refund but rather provides tax relief and flexible payment options to help manage existing ATO liabilities.

How can this help you:

If eligible, the ATO may provide:

• Flexible payment plans of up to 36 months with no upfront payment

• Potential remission of interest (GIC), particularly for the initial period of the arrangement (subject to meeting ATO conditions)

• Deferral of tax payments and lodgements

• Assistance with varying PAYG instalments

This support can significantly ease short-term cash flow pressures and reduce the cost of carrying ATO debt.

Eligibility:

You may be eligible if your business:

• Has an active ABN

• Is impacted (directly or indirectly) by increased fuel or transport costs

• Is experiencing difficulty paying ATO liabilities on time

Please contact us if you think you are eligible.

Need support or advice?

The team at POINTAX are here to help you. Our expert professionals are available and are keeping up to date with the latest announcements. Contact us by calling us at 03 8386 7410 or visiting our website contact page www.pointax.com.au/contact.

Disclaimer

While every care has been taken to ensure the accuracy of the material above, POINTAX, its employees, or any of its representatives will not bear any responsibility or liability for action taken by any person based on the information contained in this blog. The content is for information purposes only. It is recommended that no person make an investment decision until their needs, desires and risk profile have been assessed by a qualified professional.