Hello IFTA filers, welcome to our blog. With the IFTA due date right around the corner, we would like to pass on a gentle reminder for all IFTA filers. The due date is just 3 weeks away, 30th April 2014 is the date to file your IFTA return for the first quarter of 2014. The method you choose is absolutely your call, however, we give you a chance to prepare your IFTA return online, eliminating the errors and making it time efficient.
Today in our blog , we are going to discuss about the jargon’s in IFTA form. Some are common, some are not, and we will discuss all of them and learn new terms. Not to bore you by stuffing the jargon’s all around, we would divide A-Z IFTA jargon’s in multiple blogs. You can breathe easy now.
So lets get started with A-Z Jargon’s
- · Annual Reporting Period:
Twelve consecutive months determined by the base jurisdiction are counted as Annual Reporting Period.
- · Applicant:
Applicant is a person with whose name the application for licensing is filed with the base jurisdiction for the purpose of motor fuel tax reporting under the provision of this agreement.
- · Audit:
Audit refers to a physical examination of the records and source documents supporting the licensee’s return
- · IFTA Base Jurisdiction:
The base Jurisdiction is mentioned to the member jurisdiction where the qualified motor vehicles are registered. The operational controls and operational records of the licensee’s is maintained or readily available.
The commissioners of two or more affected jurisdictions may allow a person to consolidate several fleets that would otherwise be based in two or more jurisdictions.
- · IRP Base Jurisdiction:
The jurisdiction where the owner of the vehicle or fleet has established his business, where vehicle accrues the mileage or fleet and operational records of such vehicle or fleet are maintained or can be readily available.
- · Base Plate:
This plate acts as a registration identification plate issued by the base jurisdiction. Base plates shall be identified by having the word “apportioned” and the jurisdiction name on the plate.
- · Cab Card:
This is issued in order to identify a specific vehicle and for which the registrant of the vehicle paid registration fee to the jurisdiction issuing the cab card.
- · Cancellation:
Cancellation means withdrawal of the license and its provision by either the licensing jurisdiction or the licensee.
- · Carrier or Motor Carrier:
A person who is responsible for operating motor vehicle, transporting goods or person for hire or designed, used and maintained for the transportation of property of the owner
- · Commercial Vehicle:
A motor vehicle other than passenger vehicle and a trailer, semi trailer or pole trailer drawn by such motor vehicle, and the vehicles that are designed for the purpose of transportation of person, property for hire, compensation, profit, or in the furtherance of a commercial enterprise.
- · Commissioner:
Commissioner is an official, designated by the jurisdiction to be responsible for the administration of this Agreement.
- · Declared Combined Gross Weight (CGW):
It is indicated to the empty truck, including driver and full fuel tanks and the maximum payload or the cargo carried on the truck. The combination of motor vehicle towing trailers or semi-trailers includes the empty weight, of such motor vehicle plus the driver and full fuel tanks, the empty weight of the trailers or semi-trailers, plus the maximum payload or cargo to be carried on the trailer or semi-trailers.
Also, when the motor vehicle is towing a mobile home, the weight of the mobile home is considered as the payload or the cargo.
- · Declared Combined Gross Weight Of A Wrecker:
The weight of the vehicle being towed is not taken under consideration.
- · Established Place of Business:
A physical structure owned, leased or rented by the fleet registrant that is designed by a street number or road location, be opening during normal business hours, and have it located within:
(1) A telephone or telephones publicly listed in the name of the fleet registrant and,
(2) A person or persons conducting the fleet registrant’s business
- · Fleet:
One or more vehicles are called as fleet
This is the first part of the IFTA glossary. Next week, we will be back with the next list of jargon’s for your quick reference. Till then, check out our previously posted IFTA blogs, share your comments if you have. You can also get in touch with your customer support team @ 1-866-245-3918 or shoot an email to support@taxexcise.com. We are all ears for you.