Form CU-7 Virginia Consumer's Use Tax Return for Individuals - Virginia

What Is Form CU-7?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CU-7?
A: Form CU-7 is the Virginia Consumer's Use Tax Return for Individuals.

Q: Who needs to file Form CU-7?
A: Individuals in Virginia who have made purchases without paying sales tax and owe use tax on those purchases need to file Form CU-7.

Q: What is use tax?
A: Use tax is a tax on the use, storage, or consumption of goods or services in Virginia when sales tax has not been paid.

Q: What purchases are subject to use tax?
A: If you purchased taxable goods or services for use in Virginia and the seller did not collect sales tax, you are generally required to pay use tax on those purchases.

Q: How do I calculate my use tax liability?
A: You can calculate your use tax liability by multiplying the total cost of taxable purchases by the current use tax rate in Virginia.

Q: When is Form CU-7 due?
A: Form CU-7 is due on or before May 1st of each year.

Q: What happens if I don't file Form CU-7?
A: If you fail to file Form CU-7 and owe use tax, you may be subject to penalties and interest on the unpaid tax amount.

Q: Can I claim a refund of use tax on Form CU-7?
A: No, you cannot claim a refund of use tax on Form CU-7. If you believe you are entitled to a use tax refund, you must file a separate claim form with the Virginia Department of Taxation.