Section 40 Power to vary accounting period or filing dateI1

(1)

WRA may vary—

(a)

the duration of an accounting period;

(b)

the filing date for a tax return.

(2)

A variation is made by issuing a notice to the person to whom it applies.

(3)

The notice must set out the details of the variation.

(4)

WRA may issue a notice under this section either—

(a)

on the application of a person who carries out taxable operations or who intends to do so, or

(b)

on its own initiative.

(5)

An application for a variation must be made in writing.

(6)

If WRA refuses an application for a variation, it must issue a notice of its decision to the person who made the application.

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