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July 20, 2017

Missouri Sales and Use Tax Updates (article)

CBIZ helps with Missouri tax updates.Two recently enacted provisions affect Missouri sales and use tax reporting. Businesses that operate in Missouri or conduct substantial business activities with Missouri businesses should take note; both changes go into effect soon.

Usual and Customary Delivery Charges

The recently enacted Senate Bill No. 16 clarifies the definition of gross receipts, which are subject to sales and use tax. It specifies that gross receipts do not include usual and customary delivery charges stated separately from the sale price. These include charges where delivery is necessary to fulfill the purchase or item ordered (such as the delivery of a concrete purchase). Changes to the gross receipts definition are effective Aug. 28. 2017.

Missouri Adopts Integrated Tax System

The Missouri Department of Revenue is adopting a new integrated tax system to allow the department to more easily scan and capture information on paper returns. To prepare for the integrated tax process, Missouri Department forms for Sales Tax (Form 53-1), Consumer’s Use Tax (form 53-C) and Vendor’s Use Tax (Form 53-V) will have new formatting. Jurisdiction codes are also changing, so filers that generate their own sales and use tax returns need to take note. The new codes for every city, county or district will be listed on the Department’s rate chart.

The new standards take effect after Sept. 1, 2017, and the new forms can be found on the Missouri Department of Revenue website. Excel files formatted with location codes and rate data will also be accepted. The Excel files can be found here.

For More Information

For more information about how Missouri’s sales tax updates affect your business, please contact us.

Copyright © 2017, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

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