Smartrak Prism users frequently see significantly improved FTC outcomes compared to their previous claims because higher precision calculations are being made with the most detailed data available.
Using your Smartrak telematics data enables more accurate Fuel Tax Credit (FTC) calculations and helps to increase claims by up to 30%.
Smartrak’s GPS fleet tracking devices integrate with Prism to help Australian fleets simplify and automate their ATO Fuel Tax Credits (FTC) reporting.
While many businesses are already regularly claiming FTC, many are only claiming the standard on-public-roads rate (16.0 per litre), as calculating on versus off-public-roads usage can be tricky.
Off-road rates are higher (41.8 per litre), but advanced analytics software such as Prism is required to accurately differentiate between road-types.
The reference data used in Prism to calculate non-public road use contains over 20 million spatial features covering all of Australia, so businesses can confidently claim their deserved tax credits on fuel used.