Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-2237
Duties of supplier as trustee
# A.
All tax payments due to the Commonwealth received by a supplier pursuant to § 58.1-2231 shall be held by the supplier as trustee in trust for the Commonwealth, and a supplier has a fiduciary duty to remit to the Commissioner the amount of tax received by the supplier. A supplier shall be liable for the taxes paid to him.
# B.
A supplier shall notify a licensed distributor, licensed exporter, or licensed importer who received motor fuel from the supplier during a reporting period of the number of taxable gallons received. The supplier shall give this notice after the end of each reporting period and before the licensee is required to remit to the supplier the amount of tax due on the fuel.
# C.
A supplier of motor fuel at a terminal shall notify the Commissioner within 10 business days after a return is due of any licensed distributor or licensed importer who did not pay the tax due the supplier when the supplier filed his return. The notice shall be transmitted to the Commissioner in the form required by the Commissioner.
# D.
A supplier who receives a payment of tax shall not apply the payment to a debt that the person making the payment owes the supplier for motor fuel purchased from the supplier.
Source: view the official text
Nearby sections (25 sections)
- 58.1-2225 · Backup tax; liability
- 58.1-2226 · Exemptions from tax
- 58.1-2227 · Sales of aviation jet fuel to licensed aviation consumers
- 58.1-2228 · Exempt access cards; exempt access codes
- 58.1-2229 · Removals by out-of-state bulk user
- 58.1-2230 · When tax return and payment are due
- 58.1-2231 · Remittance of tax to supplier
- 58.1-2232 · Notice of cancellation or reissuance of licenses; effect of…
- 58.1-2233 · Deductions; percentage discount
- 58.1-2234 · Monthly reconciling returns
- 58.1-2235 · Information required on return filed by supplier
- 58.1-2236 · Deductions and discounts allowed a supplier when filing a…
- 58.1-2237 · Duties of supplier as trustee
- 58.1-2238 · Returns and discounts of importers
- 58.1-2239 · Returns and discounts of aviation consumers
- 58.1-2240 · Informational returns of terminal operators
- 58.1-2241 · Informational returns of motor fuel transporters
- 58.1-2242 · Return of distributors and certain other licensees; exports
- 58.1-2243 · Use of name and account number on return
- 58.1-2244 · Persons required to be licensed
- 58.1-2245 · License application procedure
- 58.1-2246 · Bond or certificate of deposit requirements
- 58.1-2247 · Issuance, denial or cancellation of license
- 58.1-2248 · Notice of discontinuance, sale or transfer of business
- 58.1-2249 · Tax on alternative fuel