Thursday, July 11, 2013

TAX Posts Webinar, Q&A on Sales and Use Tax Changes

The Virginia Department of Taxation (TAX) has posted a recording (MP4) and summary (PDF) of its June 7 webinar on recent changes to the Virginia Sales and Use Tax. The webinar provided a detailed overview of changes included in HB 2313, including statewide and regional rate increases, changes to returns and schedules, sourcing rules for transactions, transitional problems and more.

TAX notes that the webinar recording contains references to the counties of Gloucester and Surry as part of the Hampton Roads Region. Those counties are, in fact, not part of that region and therefore not subject to the additional sales and use tax rate increase of 0.7 percent.

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