PPM Tax & Legal part of mix for heavy vehicle customers seeking savings
Teletrac Navman has released a new fuel tax credits (FTC) calculator – FTC Manager – in collaboration with indirect tax specialist firm PPM Tax & Legal.
FTC Manager aims to enable businesses to streamline such claims based on classification of classifying the entire Australian road network as either on- or off-road, the software-as-a-service provider notes.
“This comprehensive solution is the first of its kind, revolutionising the way fuel tax credits are claimed,” Teletrac Navman Asia Pacific vice president Ian Daniel says.
With an eye to fuel tax rebates, the solution uses real-time monthly GPS location data to automatically calculate off-road fuel consumption, off-road idle time and auxiliary fuel usage.
The IT firm quotes Roma Transport GM Danny Forbes as hailing the system’s efficiency, “using real data to streamline the way we claim rebates”.
“We’ve always manually calculated the sums for each account, with our accountants relying on the safest percentages,” Forbes is quoted as saying.
“Working with PPM has helped a tremendous amount, and all we had to do was supply our information and the process was improved significantly.”
The solution comes with three service tiers, with Silver and Gold users supported by PPM’s tax expertise.
“Gold users will also have the added benefit of PPM preparing a retrospective four-year claim on their behalf using data generated by FTC Manager,” Teletrac Navman says.