Kidd Ventures Ltd. on the hook for $221,495.85 in uncollected revenue, interest and penalty, the provincial government alleges
The B.C. government has not given up on its effort to collect more than $220,000 in allegedly foregone tax revenue, interest and penalty from the sale of "coloured fuel" at a Prince George gas station.
Also known as "marked" or "dyed" fuel, it is reserved for farmers and recreational boaters and for purposes related to logging, mining, oil and gas and road building. A tax of three-cents per litre is levied by the provincial government on the fuel compared to 7.75 cents per litre for regular gas. Over the course of the next two years, an inspector selected three test months to determine compliance and concluded there was "pervasive non-compliance." The inspector estimated that KVL did not obtain the required declarations for 86 per cent of the 981,943 litres of coloured diesel sold, working out to $101,078.46 in unpaid tax, and for 72 per cent of the 1,110,378.75 litres of coloured premium sold, for a further $91,840.53 in uncollected tax.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Complete Concrete Solutions Ltd. awarded contract for work on two Corner Brook bridges | SaltWireCORNER BROOK, N.L. — The provincial government has awarded a $1.3-million contract to Complete Concrete Solutions Ltd. to repair two bridges on the Lewin ...
Read more »
Canadians more worried about rising debt amid high cost of living: MNP - BNN BloombergCanadians are increasingly worried about their levels of debt amid rising interest rates and high inflation, according to a quarterly poll results released by MNP Ltd. on Monday.
Read more »
Sudbury gas at around 138.5 to start the work weekOntario gas price average is 145.4 (so higher than most Sudbury gas prices)
Read more »
A whistle, a watch and DNA identify B.C. soldier 106 years after death in France - Terrace StandardRemains discovered in 2011, but it would be another decade before Cpl. Percy Howarth was identified
Read more »
Dying alone: the unclaimed bodies of Sault Ste. MarieSeven people have died over the past two years with no one to claim their remains
Read more »