IFTA adopts audit ballot
Voting closed Nov. 19 on the proposal to significantly amend the audit and record-keeping rules of the International Fuel Tax Agreement (IFTA). IFTA has officially adopted those amendments, effective with audits completed after Jan. 1, 2017. Very quickly, those are: increased flexibility for how motor carriers may produce and maintain their IFTA records; explicit approval…
Voting closed Nov. 19 on the proposal to significantly amend the audit and record-keeping rules of the International Fuel Tax Agreement (IFTA). IFTA has officially adopted those amendments, effective with audits completed after Jan. 1, 2017. Very quickly, those are: increased flexibility for how motor carriers may produce and maintain their IFTA records; explicit approval of records produced by such systems as GPS, provided those records contain the needed information; relief for carriers from arbitrary penalties for “noncompliant” records; an assurance that the same types of mileage records will suffice for both IRP and IFTA audits; and a thorough rewriting of IFTA’s language on audit and records.
MTAC appreciates the fact that the State of Connecticut voted to support this ballot. Additionally, MTAC will be coordinating an educational seminar regarding these changes, and general compliance with IFTA, which will feature presentations from senior officials from the Connecticut Department of Revenue Services. This seminar will be free of charge for MTAC members to attend.
This information provided by Bob Pitcher, State Laws Newsletter.