Legal, Tax & Compliance
Remittance
Actually sending collected tax to the agency that is owed it.
Why you care
Collecting is not remitting. Money sitting in your account that belongs to the county is a liability, and the liability grows penalty and interest while it sits there.
Worked example
Direct bookings are always yours to remit. So is any tax a platform does not have an agreement to collect in your county.
Taught in Who Remits What