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Medical Device Excise Tax Payment Schedule

  • Feb 25, 2013 | Gail Cole

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The new Medical Device Excise Tax (MDET) took effect on January 1, 2013.

MDET is filed quarterly, meaning that the first reports and payments are due by April 30, 2013. However, businesses with a tax liability in excess of $2,500 for the quarter may be required to file semi-monthly. The first deposit for those lucky dogs was due on January 29, 2013 and covered the first 15 days of January.

In a (rare?) moment of magnanimity, the IRS is allowing for "transition relief to medical device manufacturers from the failure to deposit penalties imposed by § 6656." Notice 2012-77 "waives penalties under § 6656 for the first three calendar quarters of 2013."

In other words, don't worry too much if you didn't make your first payment on time. But perhaps you should let someone else worry for you.

photo credit: Waifer X via photopin cc

Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.