The Income Tax (Digital Requirements) Regulations 2021

Changes over time for: Section 7

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Prospective- Amendment

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Changes to legislation:

The Income Tax (Digital Requirements) Regulations 2021, Section 7 is up to date with all changes known to be in force on or before 23 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

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Changes and effects yet to be applied to Regulation 7:

reg. 7 coming into force by S.I. 2021/1076 reg. 1

Prospective

Quarterly updatesU.K.

This section has no associated Explanatory Memorandum

7.—(1) A relevant person must provide to HMRC update information for a business, as specified in an update notice, in respect of each [F1quarterly update period] for each tax year.

(2) “Quarterly update” means the provision of information required by paragraph (1).

(3) Subject to paragraphs (8), (9) and (10) [F2and regulation 9(1A)], the [F3quarterly update periods] for a tax year are those specified in the following table.

	Period
[F4Quarterly update period] 1	The period beginning with the first day of the tax year (6th April) and ending with the following 5th July
[F4Quarterly update period] 2	The period beginning with the [F5first day of the tax year (6th April)] and ending with the following 5th October
[F4Quarterly update period] 3	The period beginning with the [F5first day of the tax year (6th April)] and ending with the following 5th January
[F4Quarterly update period] 4	The period beginning with the [F5first day of the tax year (6th April)] and ending with the following 5th April

(4) Each quarterly update must be provided by no later than the quarterly deadline.

(5) The quarterly deadlines for each [F6quarterly update period] are the dates specified in the following table.

	Deadline
[F6Quarterly update period] 1	[F77th] August following the end of [F8quarterly update period] 1
[F6Quarterly update period] 2	[F77th] November following the end of [F8quarterly update period] 2
[F6Quarterly update period] 3	[F77th] February following the end of [F8quarterly update period] 3
[F6Quarterly update period] 4	[F77th] May following the end of [F8quarterly update period] 4

(6) A relevant person may make an election under this paragraph for a business in respect of a tax year (“a calendar quarters election”).

(7) A calendar quarters election has effect for the tax year in respect of which it is made and for subsequent tax years until it is withdrawn.

(8) Subject to paragraph (9) [F9and regulation 9(1A)], where a calendar quarters election has effect for a tax year, the [F10quarterly update periods] for that tax year are those specified in the following table.

	Period
[F11Quarterly update period] 1	The period beginning with 1st April before the beginning of the tax year and ending with the following 30th June
[F11Quarterly update period] 2	The period beginning with [F121st April before the beginning of the tax year] and ending with the following 30th September
[F11Quarterly update period] 3	The period beginning with [F121st April before the beginning of the tax year] and ending with the following 31st December
[F11Quarterly update period] 4	The period beginning with [F121st April before the beginning of the tax year] and ending with the following 31st March

(9) For the first tax year for which a calendar quarters election has effect, [F13each quarterly update period begins with the first day of the tax year (6th April) and ends on the date specified for that quarterly update period in the table in paragraph (8)].

(10) For the tax year following the final tax year for which a calendar quarters election has effect, [F14each quarterly update period begins with the 1st April before the beginning of the tax year and ends on the date specified for that quarterly update period in the table in paragraph (3)].

(11) A calendar quarters election must be made by notice to HMRC [F15before the relevant person provides any update information in relation to the first quarterly update in respect of a quarterly update period for the tax year in respect of which the election is made].

(12) A calendar quarters election may be withdrawn by notice to HMRC at any time.

(13) Where a calendar quarters election is withdrawn, it ceases to have effect—

(a)at the beginning of the tax year in which it is withdrawn, where the withdrawal is made [F16before any update information has been provided for that year]; and

(b)immediately after the end of the tax year in which it is withdrawn, in all other cases.

Textual Amendments

F1Words in reg. 7(1) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(a)

F2Words in reg. 7(3) inserted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(b)(i)

F3Words in reg. 7(3) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(b)(ii)

F4Words in reg. 7(3) Table substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(b)(iii)

F5Words in reg. 7(3) Table substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(b)(iv)

F6Words in reg. 7(5) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(c)(i)

F7Word in reg. 7(5) Table substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(c)(ii)

F8Words in reg. 7(5) Table substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(c)(i)

F9Words in reg. 7(8) inserted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(d)(i)

F10Words in reg. 7(8) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 9(d)(ii)