
RDT 121 (07/01/2020)INTERNATIONAL FUEL TAX AGREEMENT (IFTA) QUARTERLY TAX RETURNIMPORTANT NOTE: Refer to instructions (form RDT 121 I) before completing this return. Failure to correctly complete.
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How to fill out the VA DMV RDT 121 online
Filling out the VA DMV RDT 121 form online can streamline the process of submitting your quarterly fuel tax return. This guide provides step-by-step instructions to help ensure your form is completed accurately and efficiently.
Follow the steps to fill out the VA DMV RDT 121 online effectively.
- Use the ‘Get Form’ button to access the VA DMV RDT 121 and open it in your editor of choice.
- Enter your carrier name and mailing address in the designated fields at the top of the form.
- Fill in your Virginia Motor Carrier Services (MCS) number and IFTA account number in the appropriate sections.
- Provide your fleet identifier if applicable.
- Indicate whether you did not operate tax-qualified motor vehicles this quarter by checking the relevant box if applicable.
- If you operated in a jurisdiction where a taxable mileage exemption applies, check the appropriate box and enter the jurisdiction and exemption details.
- Complete the miles per gallon calculation section by entering the fuel type code, total distance traveled, total gallons placed in the vehicles, and calculating the average miles per gallon.
- Proceed to the fuel tax calculation. Fill in details for each jurisdiction's abbreviation, fuel type code, total distance, taxable distance, taxable gallons, and calculate the net tax due.
- After entering all necessary information, round totals to the nearest whole gallon and distance. Make sure that the totals match up with your calculations.
- Finalize the document by reviewing all filled fields for accuracy. Save your changes, then download, print, or share the form as needed.
Complete your VA DMV RDT 121 form online to ensure a smooth submission process.
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Jul 1, 2020 — IMPORTANT NOTE: Refer to instructions (form RDT 121 I) before completing...
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Get answers to your most pressing questions about US Legal Forms API.
Does Kentucky participate in IFTA?
International Fuel Tax (IFTA) Processing Consortium (IPC) Motor Carriers can manage their motor fuels use tax compliance across multiple jurisdictions, including Kentucky.
What is trucking rates and fuel surcharge?
A fuel surcharge is a fee billed to shippers on top of the freight rate they receive. A fuel surcharge is in place to account for the diesel a trucking company or owner operator will use to haul the shipment of goods from point A to point B.
How do I calculate diesel fuel surcharges?
Difference in fuel cost / Miles per gallon = Cost per mile. Cost per mile x Distance travelled = Surcharge.
What is the average freight fuel surcharge?
The fuel surcharge range is between $1.50 per gallon and $7.00 per gallon.
What is the Virginia surcharge for IFTA?
There is a third fuel levy, a change in the surcharge that Virginia now adds to the International Fuel Tax Agreement. That surcharge is now 3.5 cents per gallon in Virginia. Bennett estimated that the new charge will amount to 5 cents/gallon on July 1 this year, 5 cents on July 1, 2020, and 6.8 cents in July 2021.
What is the corresponding surcharge rate for Kentucky on IFTA?
Only three States currently collect an additional fee via a surcharge line on the IFTA reporting form. They are Virginia, Indiana and Kentucky. These rates currently vary from 3.5 to 11 cents per gallon.
What is fuel surcharge base rate?
The base fuel rate is a price that determines when the fuel surcharge will be activated. For example, if the base fuel rate is $1.50 per gallon, and the fuel cost rises above that base fuel rate, the fuel surcharge is then activated and applied to the cost of shipment.
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