IMPORTANT UPDATE: SALES TAX FILING DEADLINE CHANGED. Regarding mandatory e-filing for 1040ES as well as Annual Sales tax filing
IMPORTANT UPDATE: SALES TAX FILING DEADLINE CHANGED.
Regarding mandatory e-filing for 1040ES as well as Annual Sales tax filing
When you register, you will be set up to file sales tax returns on a quarterly or monthly basis. Remember: even if you did not make any sales for the period or if all your sales were exempt from sales tax, you must file a return for every period or your account will become delinquent.
For quarterly filers, the reporting periods and due dates of the return are:
If your sales tax liability is less than $1,000 for the prior 12-month period, beginning July 1 and ending June 30, the Department will notify you in writing that you are being changed to annual filing status. The due date for annual filers is January 20 for the previous calendar year's sales.
If your sales tax liability is more than $4,000 for the prior 12-month period, beginning July 1 and ending June 30, the Department will notify you in writing that you are being changed to monthly filing status. The due date for monthly returns is the 20th of the following month. For example, the return for March will be due on or before April 20.
For a calendar with all the due dates, please visit Business Tax Return and Payment Due Dates.
Information on Filing the Disaggregated Sales Tax Report -IP 2007(23).
ELECTRONIC Filing - The penalty for an electronically late filed and paid return is:
INTEREST is charged at the rate of 1% per month or fraction of a month from the due date until the date of the payment. If you do not include the penalty and interest with your payment of tax, you will be billed.
If you pay by check, a failure to comply penalty will be assessed for not paying electronically.
Reporting Computer and Data processing Services sold by your business.
Report the total gross receipts of the sale of computer and data processing services on Line 3 of Form OS-114, Sales and Use Tax Return. Then follow the instructions for Line 74 of the return: Multiply the applicable gross receipts by .8425 for services on or after July 1, 2011 and enter the result on Line 74, Column B. That amount is added to any other deductions on the back of the return. By reducing the gross receipts of computer and data processing services the effective tax rate is 1%.
There is only one statewide sales and use tax. There are no additional sales taxes imposed by local jurisdictions in Connecticut. The statewide rate of 6.35% applies to the retail sale, lease, or rental of most goods and taxable services. However, there are exceptions: