Are there penalties and interest for late filing or non-payment?
A. Yes, a 5% penalty will be imposed on the amount of tax due if the tax is not paid by the due date. In addition, interest shall be applied at the rate of 1.25% per month to any late payment, underpayment or non- payment of tax. If no tax return is filed and paid within 60 days of the due date, the Finance Director may issue a notice of tax liability which provides for a penalty of 25% of the full amount of the tax. In addition, if it is found that any person has willfully evaded payment or collection and remittance of the alcohol tax, the establishment’s liquor license may be suspended or revoked after a proper due process hearing in front of the City’s Liquor Commissioner.
