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IFTA PowerPoint Presentation

IFTA

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IFTA

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  1. IFTA Have You Ever Encountered This? Presented by Andrew Foster Department of Finance Revenue & Taxation Division Tax Program Administration Section

  2. IFTA HAVE YOU EVER ENCOUNTERED THIS? Presented by Andrew Foster New Brunswick

  3. Licensing Encounters

  4. Encounter #1 ~ Double Dip • Apply John Doe Have You Ever Encountered This? 1

  5. Encounter #1 ~ Double Dip • License revoked • Apply Have You Ever Encountered This? 1

  6. Encounter #1 ~ Double Dip • Apply under company name • Apply • License revoked Doe Trucking Have You Ever Encountered This? 1

  7. Encounter #1 ~ Double Dip • Red Flag • Apply under sole name • License revoked • Apply under company name = Have You Ever Encountered This? 1

  8. Encounter #1 ~ Double Dip • Pay up • Apply • License revoked • Apply under company name • Red Flag Have You Ever Encountered This? 1

  9. Encounter #2 ~ The Name Game • 1 owner ~ 2 entities Old Company, Inc. New Company, Inc. Have You Ever Encountered This? 2

  10. Encounter #2 ~ The Name Game New Company, Inc. • Transfer trucks • 1 owner ~ 2 entities Old Company, Inc. Have You Ever Encountered This? 2

  11. Encounter #2 ~ The Name Game New Company, Inc. • 1 owner ~ 2 entities • Transfer trucks $$Registration$$ $$Sales tax$$ Have You Ever Encountered This?

  12. Encounter #2 ~ The Name Game New Company, Inc. • 1 owner ~ 2 entities • Transfer trucks $$Registration$$ $$Sales tax$$ Have You Ever Encountered This?

  13. Encounter #2 ~ The Name Game New Company, Inc. • Roll over • 1 owner ~ 2 entities • Transfer trucks Old Company, Inc. Have You Ever Encountered This?

  14. Encounter #2 ~ The Name Game New Company, Inc. • Roll over • 1 owner ~ 2 entities • Transfer trucks Old Company, Inc. Have You Ever Encountered This?

  15. Encounter #2 ~ The Name Game New Company, Inc. • Roll over • 1 owner ~ 2 entities • Transfer trucks Old Company, Inc. $$Registration$$ $$Sales tax$$ Have You Ever Encountered This?

  16. Encounter #2 ~ The Name Game • Remedy • New & Renew • Broker carrier agreement • No registration/sales tax • 1 owner ~ 2 entities • Transfer trucks • Roll over Have You Ever Encountered This?

  17. Reporting Encounters IFTA Records

  18. Encounter #1 ~ Cheque It Out! • Refund cheque Have You Ever Encountered This? 3

  19. Encounter #1 ~ Cheque It Out! • Up in flames • Refund cheque Have You Ever Encountered This? 3

  20. Encounter #1 ~ Cheque It Out! • Remedy • Stop payment • Bond form • Issue new cheque • Refund cheque • Up in flames Have You Ever Encountered This? 3

  21. Encounter #2 ~ Average KPL • Overview • 1 KPL = 0.62 MPL • Average KPL is 1-2 (0.62-1.24) • Question over 4 (2.48) Have You Ever Encountered This? 4

  22. Encounter #2 ~ Average KPL • No information • Overview Have You Ever Encountered This? 4

  23. Encounter #2 ~ Average KPL • Overview • No information • Average KPL = 10 (6.2) Have You Ever Encountered This? 4

  24. Audit Encounters

  25. Encounter #1 ~ Magic Trick • Records viewed Have You Ever Encountered This? 5

  26. Encounter #1 ~ Magic Trick • Records vanished • Records viewed Have You Ever Encountered This? 5

  27. Encounter #1 ~ Magic Trick • Records viewed • Records vanished • Records shredded Have You Ever Encountered This? 5

  28. Encounter #1 ~ Magic Trick • Remedy: • All records available • Choose quarter • Make copies • Records viewed • Records vanished • Records shredded Have You Ever Encountered This? 5

  29. Encounter #2 ~ System Failure • Distance traveled • Route Traveled vs. Route Reported Have You Ever Encountered This? 6

  30. Encounter #2 ~ System Failure • Cost of error • Distance traveled $90,000 Have You Ever Encountered This? 6

  31. Encounter #2 ~ System Failure • Remedy • Change program • Proper use • Follow up • Distance traveled • Cost of error Have You Ever Encountered This? 6

  32. Encounter #3 ~ What the Blazes!?? • Return on reports Have You Ever Encountered This? 7

  33. Encounter #3 ~ What the Blazes!?? • Very cooperative • Return on reports Have You Ever Encountered This? 7

  34. Encounter #3 ~ What the Blazes!?? • Bump in the road • Return on reports • Very cooperative Have You Ever Encountered This? 7

  35. Encounter #3 ~ What the Blazes!?? • Cooperation restored • Return on reports • Very cooperative • Bump in the road Have You Ever Encountered This? 7

  36. Encounter #3 ~ What the Blazes!?? • Burning blaze • Return on reports • Very cooperative • Bump in the road • Cooperation restored Have You Ever Encountered This? 7

  37. Encounter #3 ~ What the Blazes!?? “Out of the frying pan… …and into the fire!” Have You Ever Encountered This? 7

  38. Encounter #4 ~ Fire Me, Please! • Wife hired I don’t know what I’m doing!!! Have You Ever Encountered This? 8

  39. Encounter #4 ~ Fire Me, Please! • Audit target • Wife hired Have You Ever Encountered This? 8

  40. Encounter #4 ~ Fire Me, Please! • KPL = Distance traveled…right? • $0.69/L = 69 KM traveled • Wife hired • Audit target Have You Ever Encountered This? 8

  41. Encounter # 4 ~ Fire Me, Please! • Wife fired • Wife hired • Audit target • KPL = Distance traveled…right?! Have You Ever Encountered This? 8

  42. Encounter #5 ~ What a Pile of… • Bad records Have You Ever Encountered This? 9

  43. Encounter #5 ~ What a Pile of… • What’s that smell? • Bad records Oink! Have You Ever Encountered This? 9

  44. Encounter #6 ~ Duck and Cover • The appointment Have You Ever Encountered This? 10

  45. Encounter #6 ~ Duck and Cover • The visit • The appointment Have You Ever Encountered This? 10

  46. Encounter #6 ~ Duck and Cover • The sad truth • The appointment • The visit $83,000 Have You Ever Encountered This? 10

  47. Encounter #6 ~ Duck and Cover • The recovery • The appointment • The visit • The sad truth Have You Ever Encountered This? 10

  48. Encounter #6 ~ Duck and Cover • The saving grace • The appointment • The visit • The sad truth • The recovery $69,000 Have You Ever Encountered This? 10

  49. Encounter #7 ~ You Go Girl! • 6-7 KPL • 14-17 MPG Have You Ever Encountered This? 11

  50. Encounter #7 ~ You Go Girl! • Supervisor’s advice • Not with a 4x4! • Are you selling? • 6-7 KPL Have You Ever Encountered This? 11