It IS possible to owe no taxes when you file your return, but still have to pay a penalty.
As long as your tax liability for each quarter is covered, then you would not have a penalty at the end of the year. It is about the pay as you go, not the end result.
This means, if you earn $100,000 total for the year and wait to pay all your taxes until December 1, you WOULD have a penalty.
If you have taxes withheld by your employer equally that matches what you earned each quarter or you made estimated payments, then you would NOT have a penalty.
The vouchers aren't the important thing. The thing that is important is that your taxes are paid or withheld throughout the year not just at the end of the year.
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