Vermont IFTA State Tax Overview
- Updated April 27, 2023 - 8.00 AM - Admin, TrucklogicsThe State of Vermont is a member of the International Fuel Tax Agreement (IFTA).
Read through this page to learn everything related to Vermont’s registration and IFTA renewal process.
You will learn about IFTA reporting requirements, late penalties, and links to other important resources.
Table of Contents:
1. Who Is Required To Register for Vermont IFTA?
If you own a qualified motor vehicle in Vermont, you must register for IFTA filing in the state. A qualified motor vehicle is a motor vehicle used, designed, or maintained to transport persons or property having:
- Two axles and a gross vehicle weight or registered gross vehicle weight exceeding 26,000 pounds or 11,797 kilograms; or
- Having three or more axles regardless of weight; or
- The combined weight exceeds 26,000 pounds or 11,797 kilograms.
Qualified Motor Vehicles do not include recreational vehicles unless they are used in conjunction with any business endeavor. Recreational vehicles are vehicles such as motor homes, pickup trucks with attached campers, and buses exclusively for personal use.
2. New Vermont IFTA Fuel Tax Accounts
You can submit a Vermont application by mail, fax, or in person to the Department of Motor Vehicles. Incomplete applications will be returned, which will delay processing. There is no fee for decals. You will need one set per qualified vehicle. You should receive your decals within 3-4 business days. Same day decals are available when you apply in person.
3. Vermont IFTA Renewals
Renewal applications can be completed by mail or in person.
4. Quarterly Vermont IFTA Returns
The deadlines to file Vermont quarterly IFTA returns are as follows:
Vermont Reporting Periods | Vermont IFTA Filing Deadlines |
---|---|
January - March | April 30 |
April - June | July 31 |
July - September | October 31 |
October - December | January 31 |
*If the due date falls on a Saturday, Sunday or legal holiday, the next business day is considered the tax reporting filing due date.
Note: An Vermont IFTA fuel tax report must be filed even if no fuel was used.
5. Vermont IFTA Penalties
A late penalty of $50 or 10% of the tax due, whichever is greater, is added to late returns received. Interest is also added to all late tax payments at a rate of 1% per month.
Even if you have a net refund, interest still applies for any fuel use tax underpayment. Interest is calculated from the day after the due date of the return until the date the payment is made.
6. Vermont IFTA Audits
Vermont IFTA audits are used to verify compliance. All base jurisdictions must audit 3% of the IFTA accounts in their state per year. Carriers will be contacted in writing at least 30 days before the audit and must have their records available for the audit.
For more details, see http://dmv.vermont.gov or let TruckLogics take the paperwork out of your way by using our Vermont Quarterly IFTA Filing Services!
7. Choose TruckLogics for generating IFTA Reports & managing your business efficiently.
The most efficient way to stay organized and maintain IFTA compliance is with the expertise of our cloud-based trucking management software.
All aspects of your business, including managing dispatches, expenses, invoices, and generating IFTA Reports, can all be handled all in one place.