Regulation 11 Calendar quarters election
A relevant person may make an election under this paragraph (“a calendar quarters election”) in relation to a digital obligation tax year, by giving notice to HMRC before the person has given a quarterly update to HMRC in relation to that tax year.
Subject to paragraph (4), a calendar quarters election has effect in relation to that digital obligation tax year and each subsequent digital obligation tax year.
A relevant person may withdraw a calendar quarters election by giving a further notice to HMRC at any time in a digital obligation tax year.
Where a person gives HMRC a notice withdrawing a calendar quarters election—
if the notice is given to HMRC before the person has given HMRC a quarterly update in relation to the digital obligation tax year in which the notice is given, the final tax year to which the calendar quarters election has effect is the previous tax year;
otherwise, the final tax year to which the calendar quarters election has effect is the tax year in which the notice is given.