# Finance Act 2024, Paragraph 9: Restriction where tax liabilities outstanding: meaning of “payment period”

Extent: E+W+S+N.I.

In section 1217RI (payment in respect of orchestra tax credit), after subsection (4) insert—
“(4A) For the purposes of subsection (4), a “payment period” is—
(a) in relation to PAYE regulations or Class 1 national insurance contributions, a period—
(i) which ends on the fifth day of a month, and
(ii) for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;
(b) in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/4/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-4/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.