Instructions For Form Dr-7n - Consolidated Sales And Use Tax Return Page 4
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6DR-7N
R. 01/18
Page 4
reduce the amount of credit claimed to equal the net amount of
Food and Beverage Divisor
Sales/Surtax Rate
tax due. You may report the remaining amount of credit (not to
6.0%
1.0645
exceed the net amount of tax due) on your next return. When
6.5%
1.0686
you file your FINAL return, complete an Application for Refund
7.0%
1.0726
– Sales and Use Tax (Form DR-26S) to obtain a refund of the
7.5%
1.0767
credit balance.
8.0%
1.0808
Line 9. Plus Estimated Tax Due Current Month
Example: The total receipts from a soft drink machine in a county
Enter the total amount of estimated tax due, if applicable, using
with a combined sales and surtax rate of 6.5% total $100. Total
one of the following three computation methods. You are NOT
receipts divided by the food and beverage divisor for the 6.5%
required to use only one method and may choose to use any
rate equals gross sales. Total receipts minus gross sales equals
one of these methods throughout the year.
tax due, including discretionary sales surtax due. Gross sales
multiplied by the surtax rate equals discretionary sales surtax due.
Three Methods for Computing Estimated Tax
The percentage for calculating estimated tax is 60%. Your
$100 ÷ 1.0686 = $93.58 (gross sales)
estimated tax liability is based only on Florida sales and use
$100 – $93.58 = $6.42 (tax due, including surtax due)
tax due (Form DR-15CON, Line 7, Net Tax Due minus any local
$93.58 x .005 = $.47 [surtax portion to be reported on Line 15(d)]
option discretionary sales surtax and any local option transient
Line 5. Total Amount of Tax Due
rental tax). If you incorrectly calculate or forget to enter your
Add all the amounts in Column 4, Lines A through E, and enter
estimated tax, you cannot amend your return. Compute your
the total amount of tax due.
estimated tax liability by one of the following methods:
Line 6. Less Lawful Deductions
Method 1 – Average Tax Liability
Enter the total amount of all allowable tax deductions, except
sales tax credit memos issued by the Department (reported
Calculate 60% of your average state sales tax due for the months
on Line 8). Lawful deductions include tax refunded by you to
you reported taxable transactions during the calendar year.
your customers for returned goods or allowances for damaged
Example: When completing your December return (due
merchandise, tax paid by you on purchases of goods intended
January 1 of the following year), calculate your average state
for use or consumption but sold by you instead, enterprise zone
sales tax due during the calendar year. To calculate your
jobs credits, and any other deductions allowed by law.
average state sales tax due, complete the following steps:
•
If you are claiming any approved enterprise zone jobs
Step 1. Review all of your sales tax returns filed for the
credits, report the amount of the credits on Line 6 and on
calendar year.
Line 16.
•
Do not include documentation with your return.
Step 2. Add together the amounts on Line 7 from each return.
Subtract any local option discretionary sales surtax and any
You will not receive a credit if the amount of lawful deductions
local option transient rental tax included in Line 7.
(Line 6) on a location return is more than the total amount of tax
due (Line 5) reported on that location return. If the amount of
Step 3. To calculate the monthly average state sales tax due,
your lawful deductions is more than the total amount of tax due
divide the total calculated in Step 2 by the number of returns
on a location return, reduce the amount of lawful deductions
that were filed with tax due on Line 7.
claimed to equal the total amount of tax due. You may report the
Step 4. Multiply your monthly average state sales tax due by
remaining amount of lawful deductions (not to exceed the total
60%.
amount of tax due) on your next return.
Step 5. Enter the result from Step 4 on Line 9 of each return
Line 7. Net Tax Due
the following year, beginning with your December return due
Subtract Line 6 from Line 5 and enter the amount on Line 7.
January 1.
Lines 8 - 9. Estimated Tax
The amount calculated in Step 4 can be used on each of your
If you paid $200,000 or more in state sales and use tax on returns
returns for the following year through the November reporting
you filed during the most recent state fiscal year (July 1 through
period.
June 30), you must make an estimated sales tax payment
every month, starting with the December return, due January 1.
Method 2 – Current Month/Previous Year
Before you file your FINAL return or if you have questions about
Calculate 60% of your state sales tax due for the same month
estimated tax, call Taxpayer Services.
of the previous calendar year.
Line 8. Less Estimated Tax Paid/Department of
Example: When completing your December return, multiply the
Revenue (DOR) Credit Memo
amount on Line 7 of your January return for the same calendar
Enter the total amount of estimated tax you paid last month,
year (minus any local option discretionary sales surtax and any
the amount of any sales tax credit memo(s) issued by the
local option transient rental tax) by 60%. Enter that amount on
Department, and the amount of any specifically authorized tax
Line 9.
credits for which you have received a letter of approval from
Method 3 – Current Month
the Department. Follow the instructions sent to you from the
Department.
Calculate 60% of the state sales tax due for the next month’s
return.
You will not receive a credit if the amount of credit (Line 8)
reported on a location return is greater than the net amount of
Example: When completing your December return, your
tax due (Line 7) reported on that location return. If the amount
estimated tax due is 60% of what you will report (minus any
of credit for that return is more than the amount of tax due,
local option discretionary sales surtax and any local option
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