Submit your Taxable Year 2013 Insurance Premiums License Tax Quarterly Tax Reports to the Department. The Insurance Premiums License Tax Quarterly Tax Reports and payments are due on April 30, July 30, October 30, 2013, and January 30, 2014.

A surplus lines broker is required to submit a quarterly tax report and make payment if its annual Insurance Premiums License Tax liability can reasonably be expected to exceed $1,500 and, during the quarter, it derived direct gross premium income from policies for insured parties whose home state is Virginia.

A surplus lines broker is not required to file the quarterly tax report if its annual tax liability is not expected to exceed $1,500 or if it did not have a tax liability for the current period. No report is required for a quarter if there is a credit from a prior period or returned premiums within the same taxable year that equals or exceeds the amount of the tax liability for the current period.

Surplus lines brokers must use the Virginia Surplus Lines Brokers Quarterly Tax Report, Form 801, to submit their quarterly reports and make payments. This form provides instructions for calculating the amount of Insurance Premiums License Tax that a surplus lines broker should pay, as well as the due dates for each quarterly tax report payment. Surplus lines brokers may submit payments electronically via the Department's website at www.tax.virginia.gov.

For more information, visit the Insurance Premiums License Tax web page located on the Department's website at www.tax.virginia.gov/Insurance.