When is the tax due?
A. Tax for each calendar quarter is due on the last day of the quarter and is to be paid on or before the last day of the month following the quarter. For example, the tax return and remittance for October 1, 2006 through December 31, 2006 was due on or before January 31, 2007. A return must be filed for each period even if no gross wages were paid during the period.
The tax is due on the 15th day of the month following the taxable period. Electronic filing, via touch tone telephone and personal computer, are available to Meals and Rentals Operators. A paper return is not required if filing electronically, but operators must retain the meals and rentals worksheet for three years.
The tax is payable within 48 hours after the dealer acquires actual or constructive possession of a non-tax-paid unauthorized substance, exclusive of Saturdays, Sundays, and legal holidays of this state, in which case the tax is payable on the next working day. If a dealer is found in possession of a taxable substance, it will be presumed he/she had possession of the substance for more than 48 hours. Penalty and interest will be assessed pursuant to the provisions of Tennessee Code Annotated, Title 67, Chapter 1, Part 8.
