                                 CODE OF VIRGINIA

CIVIL PENALTIES (§ 58.1-1510)

When any person fails to make any return or pay the full amount of tax required
by § 58.1-1502 within thirty days of the required filing and payment date,
there shall be imposed, in addition to other penalties provided herein, a
penalty to be added to the tax, in the amount of six percent of the unpaid tax.
An additional six percent of the tax due shall be charged for each additional
thirty-day period, or fraction thereof during which the failure to make any
return or pay the full amount of tax continues. Such additional penalty shall
not exceed thirty percent, in the aggregate.
		If any such failure is due to providential or other good cause, shown to the
satisfaction of the Commissioner, the return, with remittance, may be accepted
exclusive of such penalties but with interest charged at a rate equal to that
established pursuant to § 58.1-15.
		In the case of a false or fraudulent return, where willful intent exists to
defraud this Commonwealth of any tax due under this chapter, or in the case of
willful failure to file a return with the intent to defraud this Commonwealth of
any such tax, a penalty of fifty percent of the amount of the proper tax shall
be assessed. It shall be prima facie evidence of intent to defraud this
Commonwealth of any tax due under this chapter when any purchaser or user of an
aircraft reports the sale price or current market value of his aircraft, as the
case may be, at fifty percent or less of the actual amount. It shall also be
prima facie evidence of intent to defraud the Commonwealth of any tax due under
this chapter when any dealer reports the gross receipts collected from the
lease, charter or other use of aircraft at fifty percent or less of the actual
amount received for such lease, charter or use.
		All penalties and interest imposed by this chapter shall be payable by the
dealer, purchaser or user of the aircraft and shall be collected by the
Commissioner in the same manner as if they were a part of the tax imposed.
		Interest, at a rate determined in accordance with § 58.1-15, on the unpaid
amount of the tax from the day after the last day for timely filing and payment
of the tax shall accrue until the same is paid.

HISTORY: Code 1950, §§ 58-685.29:1, 58-685.30; 1974, c. 431; 1975, c. 424;
1977, cc. 245, 396; 1984, c. 675; 1991, cc. 316, 331.