Form 53-V - Detailed Instructions For Department Preprinted Vendor'S Use Tax Return (Page 2 of 5) in pdf

Line 1 - Vendor’s Total (All Pages): Enter total gross receipts, adjustments, taxable sales and vendor’s use tax due for

all pages.

Line 2 — Timely Payment Allowance: If you file your return and payment by the required due date, enter two percent (2%) of

the amount shown on Line 1. If not paid by the due date or Line 1 is “zero”, leave blank.

Line 3 — Total Vendor’s Use Tax Due: Enter total use tax due (Line 1 - Line 2).

Example: $500.00 - $10.00 = $490.00 tax due.

Line 4 — Interest for Late Payment: If the tax due is not paid by the due date, multiply Line 3 by the daily interest rate. Then

multiply this amount by the number of days late. See the example below:

Note: Number of days late is counted from due date to postmark date. For example, if the due date is May 20, and the postmark

date is May 25, the payment is 5 days late.

Example:

Line 3 is $500.00

(a) $500 x .0001370 = .0685

(b) .0685 x 5 days late = $.34

$.34 is interest for late payment

Access to help you calculate the appropriate interest.

Line 5 — Additions to Tax: For failure to pay use tax on or before the due date, 5 percent of Line 3. For failure to file use tax on

or before the due date, 5 percent of Line 3 for each month late up to a maximum of 25 percent (5 months late in filing = 25 percent).

Note: If additions to tax for failure to file applies, do not pay additions to tax for failure to pay.

For example, if a return due May 20 is filed any time between May 21 – June 20, the rate would be 5 percent; if filed any time between

June 21 – July 20, the rate would be 10 percent; and so on, up to a maximum of 25 percent.

Example: Return is due May 20, but is filed (postmarked) June 10

Line 3 is $500.00

$500.00 x 5% = $25.00

$25.00 is the additions to tax

Access to help you calculate the appropriate additions.

Line 6 — Approved Credit: Enter on Line 6 any approved use tax credit for which the Director of Revenue issued you an

approved credit.

Note: The director may at any time, without prior notice, apply the approved credit amount toward a delin-

quency.

Line 7 — Pay This Amount: Enter total amount due (Line 3 + Line 4 + Line 5 = Line 6). Send payment for the total amount.

Make check, draft, or money order payable to Director of Revenue (U.S. funds only). Do not send cash or stamps. You may also

pay electronically by accessing our web site at

Sign and Date Return: Taxpayer or taxpayer’s authorized agent must sign return. Mail to: Missouri Department of Revenue,

P.O. Box 840, Jefferson City, MO 65105-0840.

53-V INS (12-2010)

Form 53-V - Detailed Instructions For Department Preprinted Vendor'S Use Tax Return Page 2