Reminder: HUVT 2015/16 Tax Year Began July 1st
Canadian carriers operating in the U.S. are required to provide proof of payment for the US heavy vehicle use tax to US Customs and Border Protection upon request. For eligible vehicles used on the road in July 2015, taxes are due to the US Internal Revenue Service by August 31, 2015.
The HVUT year runs from July 1, 2015 to June 30, 2015. HVUT applies to commercial motor vehicles used during that period, including motor coaches, with a taxable gross weight of 55,000 pounds or more. Deadlines for filling the tax will depend on the date a vehicle is first used on road in the US.
Carriers must report taxable vehicles on IRS Form 2290 – Heavy Highway Vehicle Use Tax Return. The amount of tax owed is calculated based on the number and weight of the eligible vehicles in your fleet – Form 2290 includes a tax computation table. For a copy of the form and instructions, visit the IRS webpage for Form 2290.
Tia Chisholm, HUB International TRANSPORTATION
HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.
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