Regulation 13 Quarterly update periods and associated deadlines where calendar quarters election has effect
(1)
Subject to regulation 14, where a 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 2.
Table 2
| 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 30th June 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 30th September 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 31st December 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 31st March in the tax year Y | 7th May in the tax year Y+1 |
(2)
In Table 2, “the relevant start date” means—
(a)
in the case where—
(i)
the person making the election was required to give quarterly updates to HMRC in relation to the tax year Y-1, and
(ii)
no calendar quarters election had effect in relation to the tax year Y-1,
the first day of the tax year Y (6th April);
(b)
in any other case, 1st April in the tax year Y-1.