ftpbp 1-2012

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INTERNATIONAL FUEL TAX AGREEMENT
IFTA FULL TRACK PRELIMINARY
BALLOT PROPOSAL #1-2012
2012 ANNUAL IFTA BUSINESS MEETING
JULY 18, 2012
Grand Rapids, MI
Ron Hester (ON)
IFTA, Inc. Board of Trustees
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
FTBP #1-2012
• Sponsors: Agreement Procedures Committee
& Program Compliance Review Committee
• Subject: To clarify the requirements for filing
an IFTA Tax Return
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
History/Digest
As technology advances, requests from
licensees to file their IFTA tax returns online
have increased.
Jurisdictions have increasingly accommodated
licensees for online filing, some have
requirements for what licensees file online.
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
History/Digest
P700 does not adequately address what is
required to be included or captured.
The APC & PCRC formed the Electronic Filing
Subcommittee to ballot language that would
provide guidance & consistency among
jurisdictions regarding data elements that should
be captured on IFTA tax returns.
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
Intent
To provide an update to the IFTA Procedures
Manual to include the necessary requirements for
filing an IFTA tax return, regardless of the manner
filed.
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
Proposed Language Change
Procedures Manual
P700 Standard Tax Returns
The data elements listed in P720 are to be data
captured regardless of the method of completion of the
tax return (manually, electronically prepared or
electronically prepared and filed) and must be provided
on the appropriate transmittal.
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
Proposed Language Change
Sections P710 and P730 Remain Unchanged
P720 Required Information
.100 to .400 & .600 to .850
“A space for the….” is being proposed as a
deletion
Managed by the International Fuel Tax Association, Inc.
INTERNATIONAL FUEL TAX AGREEMENT
Questions
Comments
Suggestions/Recommendations
Managed by the International Fuel Tax Association, Inc.
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