23 VAC Title 23 Agency 10 — Virginia Tax Regulations
23VAC10-500-540
Interest and penalties
Official textlaw.lis.virginia.gov
The provisions of § 58.1-3703.1 of the Code of Virginia relating to interest and penalties apply to assessments made on and after January 1, 1997, even if for an earlier license year. Interest is charged on all late payments regardless of reason. A locality may impose a 10% penalty on an entity that fails to file a license application or return on time or on an entity that makes late payments. The 10% penalty and interest for late payment apply to license fees as well as the license tax.
Source: view the official text
Nearby sections (25 sections)
- 10-500-420 · Real estate services
- 10-500-430 · Real estate services; list of occupations
- 10-500-440 · Professional services; generally
- 10-500-450 · Professional services; list of occupations
- 10-500-460 · Professional services; consulting
- 10-500-470 · Professional services; services for compensation
- 10-500-480 · Repair, personal, business and other services; other…
- 10-500-490 · Repair, personal, business and other services; maximum rate
- 10-500-500 · Repair, personal, business and other services; list of…
- 10-500-510 · Commission merchants
- 10-500-520 · Manufacturing
- 10-500-530 · Due dates
- 10-500-540 · Interest and penalties
- 10-500-550 · Interest
- 10-500-560 · Penalties
- 10-500-570 · Waiver or abatement of late filing or late payment…
- 10-500-580 · Assessments; limitations and extensions
- 10-500-590 · Limitations on collection
- 10-500-600 · Recordkeeping and audits
- 10-500-610 · Consistent reporting and coordinated enforcement
- 10-500-620 · Locality tax year
- 10-500-630 · Taxpayer’s request for a written ruling
- 10-500-632 · Tax Commissioner’s advisory and interpretative powers
- 10-500-633 · Requesting an advisory opinion from the Tax Commissioner…
- 10-500-640 · Administrative appeals; introduction