The Income Tax (Digital Requirements) (Amendment) Regulations 2024

Amendment of the Income Tax (Digital Requirements) Regulations 2021

9.  In regulation 7—

(a) in paragraph (1), for “quarterly period” substitute “quarterly update period”;

(b) in paragraph (3)—

(i) after “(10)” insert “and regulation 9(1A)”;

(ii) for “quarterly periods” substitute “quarterly update periods”;

(iii) in the table, in the first column, for “quarterly period” substitute “quarterly update period” in each place;

(iv) in the table, in the second column, for “day immediately following the end of quarterly period 1 (6th July)”, “day immediately following the end of quarterly period 2 (6th October)” and “day immediately following the end of quarterly period 3 (6th January)” substitute “first day of the tax year (6th April)” in each place;

(c) in paragraph (5)—

(i) in the introductory words and in the table, for “quarterly period” substitute “quarterly update period” in each place;

(ii) in the table, for “5th” substitute “7th” in each place;

(d) in paragraph (8)—

(i) after “(9)” insert “and regulation 9(1A)”;

(ii) for “quarterly periods” substitute “quarterly update periods”;

(iii) in the table, in the first column, for “quarterly period” substitute “quarterly update period” in each place;

(iv) in the table, in the second column, for “the day immediately following the end of quarterly period 1 (1st July)”, “the day immediately following the end of quarterly period 2 (1st October)” and “the day immediately following the end of quarterly period 3 (1st January)” substitute “1st April before the beginning of the tax year” in each place;

(e) in paragraph (9), for the words from “quarterly” to the end substitute “each 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)”;

(f) in paragraph (10), for the words from “quarterly” to the end substitute “each 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)”;

(g) in paragraph (11), for the words from “by no later” to the end substitute “before 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”;

(h) in paragraph (13)(a), for the words from “by no later” to “earlier” substitute “before any update information has been provided for that year”.