Form Vm-2aap - Virginia Vending Machine Dealer'S Sales Tax Return Worksheet - Department Of Taxation Page 2
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4Form VM-2AAP
Virginia Vending Machine Dealer’s Sales Tax Return Worksheet
• For use by dealers engaged in the business of placing vending machines through which they sell tangible personal property
• Read instructions before preparing this worksheet.
• Transfer lines indicated by the arrows to the corresponding line number on Form VM-2AP, Virginia Vending Machine Dealer’s Sales
Tax Return.
DO NOT Mail This Worksheet.
A. Item
B. State
C. Local
1. Cost of Tangible Personal Property - Enter the cost price and/or manufactured cost of
§
tangible personal property sold through vending machines.
[Enter on Form VM-2, Line 1]
1.
2 Allowable Deductions:
a. Cost price and/or manufactured cost of tangible personal property sold through
vending machines during this period and returned by purchaser during this period, if
included in Line 1. (See instructions)
2a.
b Cost price and/or manufactured cost of tangible personal property sold through
vending machines and returned during this period on which tax was paid in a prior
period. (See instructions)
2b.
c. Other Deductions
2c.
§
d. Total Deductions - Add Lines 2a, 2b and 2c
[Enter on Form VM-2AP, Line 2d]
2d.
§
3. Taxable Amount - Line 1 less Line 2d
[Enter on Form VM-2AP, Line 3]
3.
4. Tax
Enter in Col B the State Tax computed by multiplying the amount from Line 3 by:
•
For periods beginning on or after September 1, 2004, the rate of 5% (.05).
§
•
For periods ending on or prior to August 31, 2004, the rate or 4.5% (.045).
Enter in Col. C the Local Tax computed by multiplying Line 3 by 1% (.01).
[Enter on Form VM-2AP, Line 4]
4.
5a. Dealer’s Discount Rate - Effective for Periods on or after June 1 , 2010, the Dealers
Discount Allowance has been modifi ed. If you are subject to mandatory electronic funds
transfer (EFT) payment requirements, no dealer’s discount is allowed. For all other fi lers,
the discount is reduced. The revised factors are shown in the table below.
Dealer’s discount is allowable only when your return and payment are made on
time. See instructions.
Enter the discount rate on Line 5a.
Total Monthly Taxable Sales From All Locations
Dealer’s Discount Rate
Is At Least
But Less Than
$0
$62,501
.0128
$62,501
$208,001
.0096
$208,001
and up
.0064
5a.
5b. Dealer’s Discount - Multiply Line 4, Column B by Line 5a
0 00
§
[Enter on Form VM-2AP, Line 5]
5b.
§
6. Net State Tax - Line 4 less Line 5
[Enter on Form VM-2AP, Line 6]
6.
7. Accelerated Payment Amount
[Enter on Form VM-2AP, Line 7]
7.
Total State And Local Tax Due
8.
8.
add 6b and 6c minus Line 7.
[Enter on Form VM-2AP, Line 8]
§
9. Penalty for Late Filing and Payment
[Enter on Form VM-2AP, Line 9]
9.
§
10 Interest for Late Filing and Payment
[Enter on Form VM-2AP, Line 10]
10.
11. Total Tax, Penalty and Interest
Add Lines 8 + 9 + 10
§
[Enter on Form VM-2AP, Line 11]
11.
12. Total Amount Due - Add Line 11, Column B and Line 11, Column C
[Enter on Form VM-2AP, Line 12]
§
12.
Va. Dept. of Taxation VM-2 AAP W
Rev 07/10
6201211
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