Earlier this week the Australian Taxation Office (ATO) released Taxpayer Alert TA 2021/3 – Fuel tax credit overclaims arising from aggressive marketing and use of GPS telematics technology products.
The alert outlines the ATO’s concerns with marketers and tax professionals promoting global positioning system (GPS) technology that can result in fuel tax credit overclaims.
A number of problems have been identified with some products, including poor quality or intermittent GPS data that lacks sufficient checks.
The ATO is reviewing unusually large refunds that have been claimed using GPS technology. Claimants may be subject to penalties and interest for any incorrect claims. The marketing of flawed products may also be subject to sanctions under the promoter penalty laws.
GPS technology, where supported by robust checks and evidence, can assist in calculating and supporting fuel tax credit claims.
AfMA has several telematics supplier members who provide a range of products and services. Most of these organisations are long standing members of the tech community and support the needs of thousands of organisations globally and here in Australia.
As always, its prudent to seek professional advice when dealing with the ATO.
AfMA Telematics Provider Members
- Geotab Australia Pty Ltd
- DriveRisk Australasia Pty Ltd
- IntelliTrac Pty. Ltd.
- LSM Technologies Pty Ltd
- MiX Telematics Australasia Pty Ltd
- Netstar Australia Pty Ltd
- Teletrac Navman
Learn more about the fuel tax credit Taxpayer Alert here.