Article 9 Time for paymentI1

United Kingdom

F1... Where a prescribed accounting period does not begin on the first day or does not end on the last day of a month—

(a)

the first payment on account shall be made not later than the last day of the month next following the end of the first complete month included therein, and

(b)

the second payment on account shall be made not later than the last day of the month next following the end of the second complete month included therein,

except that where—

(i)

a prescribed accounting period does not comprise more complete months than one, the first payment on account shall be made not later than the last day of that month and the second payment on account shall be made not later than the end of the prescribed accounting period, or

(ii)

a prescribed accounting period comprises an incomplete month followed by two complete months, the first payment on account shall be made not later than the end of the first complete month and the second payment on account shall be made not later than the end of the second complete month, or

(iii)

a prescribed accounting period comprises an incomplete month followed by two complete months and an incomplete month, the first payment on account shall be made not later than the end of the first complete month and the second payment on account shall be made not later than the end of the second complete month.

Annotations

Textual amendments

F1: Words in art. 9 omitted (1.6.1996) by virtue of The Value Added Tax (Payments on Account) (Amendment) Order 1996 (S.I. 1996/1196), arts. 1, 5

Commencement

I1: Art. 9 in force at 2.9.1993, see art. 1