Virginia Watercraft Sales And Use Tax Work Sheet
Form WCT-2A
• The maximum amount of tax due on any watercraft sold on or after July 1, 1990 is $2,000. This limitation does not apply
to the lease, charter or other use of any watercraft by a registered dealer.
• Read instructions on reverse side before preparing this work sheet.
• Transfer items indicated by the arrows to the corresponding item number on Form WCT-2, Virginia Watercraft
Sales and Use Tax Return. Do NoT mAil this worksheet.
Amount
1.
Total gross receipts from rental, lease or other use of watercraft.
s
2.
Gross receipts from sales of watercraft.
s
3.
Total of Lines 1 and 2
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4.
Allowable deductions:
a All charges for services of piloting, crew and other services that are separately
stated on the client’s invoice.
b Any watercraft sold to or used by the United States or any of the governmental
agencies thereof, the Commonwealth of Virginia or any political subdivision.
c If sales price of any watercraft exceeds $100,000 enter the amount in excess
of $100,000 (See instructions on reverse side)
d Other deductions (Attach a schedule to work sheet).
e Total deductions (Sum of Lines 4a, 4b, 4c and 4d).
s
5.
Amount on which tax must be computed (Line 3 minus Line 4e)
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6.
Tax (2% of Line 5).
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7.
Penalty for late filing and payment (See Line 6 of instructions).
s
8.
Interest for late filing and payment (See Line 7 of instructions).
s
9.
Total tax, penalty and interest due and payable (Sum of Lines 6, 7 and 8).
s
Do NoT mail This Work Sheet.
(Signature)
(Date)
Va. Dept. of Taxation
WCT-2A W
(REV. 12/11)