Form Nyc-Uxs - Return Of Excise Tax By Vendors Of Utility Services Page 3
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3Form NYC-UXS
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INTEREST
If the tax is not paid on or before the due date, interest must be paid on
the amount of the underpayment from the due date to the date paid. For
information as to the applicable rate of interest call Taxpayer Assistance
at: (718) 935-6000. Interest amounting to less than $1 need not be paid.
PENALTIES
a)
A late filing penalty
is assessed if you fail to file this form when
due, unless the failure is due to reasonable cause. For every month
or partial month that this form is late, add to the tax (less any
payments made on or before the due date) 5%, up to a total of 25%.
b)
If this form is filed more than 60 days late, you will be subject to the
minimum late filing penalty.
This penalty is the lesser of (1)
$100 or (2) 100% of the amount required to be shown on the form
(less any payments made by the due date or credits claimed on the
return).
c)
A late payment penalty
is assessed if you fail to pay the tax shown
on this form by the prescribed filing date, unless the failure is due to
reasonable cause. For every month or partial month that your
payment is late, add to the tax (less any payments made) 1/2%, up to
a total of 25%.
d)
The total of the additional charges in
a and c may not exceed 5% for
any one month except as provided for in
b.
e)
Additional penalties may be imposed on any underpayment of the
tax.
If you claim not to be liable for these additional charges, attach a
statement to your return explaining the delay in filing, payment or both.
FILING A RETURN AND PAYMENT OF TAX
Returns are due on or before the 25th day of each month, covering gross
income for the preceding calendar month. For tax periods beginning in
1999, if a taxpayer’s liability for the utility tax is $100,000 or less for the
preceding calendar year, determined on an annualized basis, the
taxpayer must file returns for the current tax period on a semiannual
basis on July 25 and January 25 following the end of each six-month
period of the current calendar year beginning on January 1 and July 1.
For 1999, the filing requirements will be based on the taxpayers liability
for 1998.
Payment must be made un U.S. dollars, drawn on a U.S. bank. Checks
drawn on foreign banks will be rejected and returned. Make remittance
payable to the order of: NYC DEPARTMENT OF FINANCE.
MAIL REMITTANCE AND RETURN TO:
NYC DEPARTMENT OF FINANCE
ATP-UTILITY TAX
25 ELM PLACE, 3RD FLOOR
BROOKLYN, NY 11201
NYC-UXS 8/98
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