For businesses involved in the amusement sector in North Carolina, understanding the B-205 Amusement Gross Receipts Tax Return is crucial. This form, overseen by the North Carolina Department of Revenue, is specifically tailored for entities that earn income through any amusement activities requiring admission fees, including but not limited to motion picture screenings. If a business dabbles in both traditional amusements and the screening of motion pictures, all collected gross receipts are subject to a 3% tax rate. Moreover, this return is also applicable to businesses specializing in the online resale of admission tickets, imposing the obligation to report these transactions as well. The importance of being diligent with submission timelines cannot be overstated, as the form must be filed by the 10th day following the end of the reporting month, accompanied by the suitable payment sent to the designated address of the N.C. Department of Revenue. Seasonal operators have the liberty to indicate their months of operation, ensuring compliance only within their active periods. In addition, details regarding penalties for late submissions or payments, comprising a 10% late payment penalty and a maximum of 25% for delayed filing, underline the necessity for punctuality. The return seeks comprehensive data including gross receipts from various amusement activities and motion picture shows, concluding in the calculation of total taxes due, augmented by penalties and interest if applicable. This thorough documentation process not only facilitates accurate tax collection but also guarantees that businesses contribute their fair share toward state revenue, making adherence to the form's requirements an essential practice for relevant stakeholders.
| Question | Answer |
|---|---|
| Form Name | Form B 205 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | b205 nc form b 205 |
Amusement Gross Receipts Tax Return |
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North Carolina Department of Revenue |
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Application |
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Legal Name (First 35 Characters) (USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS)
Trade Name
Mailing Address
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Name of Contact Person |
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State of Domicile |
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Phone Number |
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Fax Number |
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DOR Use Only |
FEIN or SSN
NCDOR ID/Account ID
Fill in circle if applicable:
Amended Return
No Transactions
If your business is seasonal, please ill in the applicable circles for the months of operation.
(Does not apply for those reporting gross receipts for motion pictures only)
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Part 1. Computation of Amusments Tax
1.Gross Receipts from Amusements (From Part 2, Total)
2.Gross Receipts from Reselling Admission Tickets on the Internet
3.Total Gross Receipts from Amusements and Reselling Admission Tickets on the Internet
Add Lines 1 and 2
4.Tax on Amusement and Reselling Admission Tickets on the Internet Multiply Line 3 by 3%
5.Gross Receipts from Motion Picture Shows (From Part 3, Total)
6.Tax on Motion Picture Shows Multiply Line 5 by 1%
7.Total Tax Due Add Lines 4 and 6
8.Penalty
(10% for late payment) (5% per month, maximum 25%, for late iling)
Multiply Line 7 by rate above if return with full payment is not timely iled.
9.Interest
(See the Department’s website, www.dornc.com, for current interest rate.)
Multiply Line 7 by applicable rate if return with full payment is not timely iled.
10.Total Payment Due Add Lines 7 through 9
1.
2.
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Signature: |
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Title: |
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Date: |
I certify that, to the best of my knowledge, this return is accurate and complete.
This return is used to report the gross receipts earned from any form of amusements for which an admission is charged, including motion picture shows. If the event includes both a motion picture show and another form of amusements, all gross receipts for that event are taxable at the 3% rate. In addition, this return is used to report the gross admissions receipts of a person who is engaged in the business of reselling an admission ticket on the internet.
Returns are due by the 10th day after the end of each month and cover the gross receipts received during the previous month. Mail this form with your check or money order in U.S. currency from a domestic bank to:
N.C. Department of Revenue, PO Box 25000, Raleigh, North Carolina
Page 2
Web Legal NameNCDOR ID
Part 2. Detailed Listing of Multiple Events Held in One Facility (Amusements Other Than Motion Picture Shows)
Name of Promotion
FEIN or SSN of Promotion
Address Where
Amusements Was Held
Date of
Performance
(If traveling engagement)
Gross Receipts
From Admission
Charges
Total Receipts
(Add the gross receipts and enter the sum here and on Part 1, Line 1)
Part 3. Detailed Listing of Multiple Events Held in One Facility (Motion Picture Shows)
Name of Promotion
FEIN or SSN of Promotion
Address Where
Motion Picture Show Was Held
Date of
Performance
(If traveling engagement)
Gross Receipts
From Admission
Charges
Total Receipts
(Add the gross receipts and enter the sum here and on Part 1, Line 5)