There are two separate questions:
- Would you please provide a brief explanation as to the mechanics behind carry-back losses? And
- details as to who is entitled to fuel tax credit and how it is calculated.
Answer
The loss carry back is covered in the Form C instructions guide section S item 13.
We trust you find the following link useful:
www.ato.gov.au/Forms/Company-tax-return-instructions-2021/?page=2#losscarryback
As you have requested the mechanics for fuel tax credits, we consider the following link most useful: