Form Vm-2 - Virginia Vending Machine Dealer'S Sales Tax Return Page 3
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6Form VM-2A
Virginia Vending Machine Dealer’s Sales Tax Return Worksheet
•
Return and payment due on 20th of month following end of period.
•
Read instructions on reverse side before preparing this worksheet.
•
Transfer lines indicated by the arrows to the corresponding line number on Form VM-2, Virginia Vending Machine Dealer’s Sales Tax Return.
Dealer’s Name
Filing Period
Acct. Number
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-2, Line 2d]
2d.
§
3. Taxable Amount - Line 1 less Line 2d
[Enter on Form VM-2, 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-2, Line 4]
4.
5a. Dealer’s Discount - Dealer’s discount is allowable only when your return and
payment are made on time. See instructions.
For more information, please see Tax Bulletin 10-5 at
virginia.gov.
Enter the discount factor on Line 5a.
Total Monthly Taxable Sales From All Locations
Dealer’s Discount
Factor
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-2, Line 5]
5b.
6. Net State Tax - Line 4 less Line 5
[Enter on Form VM-2, Line 6]
6.
§
7. Penalty for Late Filing and Payment
[Enter on Form VM-2, Line 7]
7.
§
8. Interest for Late Filing and Payment
[Enter on Form VM-2, Line 8]
8.
§
9. Total Tax, Penalty and Interest - Add Lines 6, 7 and 8
§
[Enter on Form VM-2, Line 9]
9.
10. Total Amount Due - Add Line 9, Column B and Line 9, Column C
§
[Enter on Form VM-2, Line 10]
10.
Worksheet is for your records only. Do NOT mail.
Va. Dept. of Taxation VM-2A W REV 04/10
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