Regulation 12 Quarterly update periods and associated deadlines where no calendar quarters election has effect
(1)
Subject to regulation 14, where no calendar quarters election has effect in relation to a digital obligation tax year (“the tax year Y”), the quarterly update periods associated with the tax year Y, and the quarterly update deadlines for those periods, are those set out in Table 1.
Table 1
| Name of quarterly update period | Definition of quarterly update period | Quarterly update deadline for the quarterly update period |
|---|---|---|
| Quarterly update period 1 | The period beginning with the relevant start date and ending with 5th July in the tax year Y | 7th August in the tax year Y |
| Quarterly update period 2 | The period beginning with the relevant start date and ending with 5th October in the tax year Y | 7th November in the tax year Y |
| Quarterly update period 3 | The period beginning with the relevant start date and ending with 5th January in the tax year Y | 7th February in the tax year Y |
| Quarterly update period 4 | The period beginning with the relevant start date and ending with the last day of the tax year Y (5th April) | 7th May in the tax year Y+1 |
(2)
In Table 1, “the relevant start date” means—
(a)
in the case where a calendar quarters election had effect in relation to the tax year Y-1, 1st April in the tax year Y-1;
(b)
in any other case, the first day of the tax year Y (6th April).