Form Fr-27c - 2005 - Gross Receipts Tax Monthly Returns For Cable Television, Satellite Relay Or Distribution Of Video Or Radio Transmissions - Office Of Tax And Revenue - Government Of The District Of Columbia Page 3
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65. Penalty and Interest
A penalty is applicable for the failure to file a return on time or to pay any tax due. It is imposed at the rate of 5% of the
unpaid portion of tax due for each month, or portion of a month, that such failure to file or pay continues, but not more than
25% in the aggregate. It is an addition to the amount of tax due.
Additionally, the Office of Tax and Revenue may assess, in the case of a substantial understatement of tax due, an amount
equal to 20% of any underpayment attributable to the understatement. There is a substantial understatement of tax if the
understatement exceeds the greater of (a) 10% of the tax required to be shown on the return, or (b) $2,000. Understatement
means the excess of the amount of the tax required to be shown on the return, or determined through an audit or review, over
the amount of tax that is shown on any original or amended return, less any overpayment, credit or refund.
Interest is computed at the rate of 10% per year, compounded daily, on the unpaid balance from the date the return is due
until the date of payment.
6. Allowable Deduction
A deduction is allowed for gross receipts from transmitting signals to a cable, satellite relay and other distribution of
television, video or radio company, subject to the District gross receipts tax, if the signals are re-transmitted by the cable
television, satellite relay, video or radio company to its District customers.
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