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Changes over time for: Paragraph 14
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Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 16/11/2017.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2012, Paragraph 14.
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Changes to Legislation
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This section has no associated Explanatory Notes
14(1)An accounting period for machine games duty is a period of 3 consecutive months.U.K.
(2)The first day of an accounting period is such day as HMRC may direct.
(3)A direction under sub-paragraph (2) may apply generally or only to a particular case or class of case.
(4)HMRC may agree with a registered person to make either or both of the following changes for the purposes of that person's liability to machine games duty—
(a)to treat specified periods (whether longer or shorter than 3 months) as accounting periods,
(b)to begin accounting periods on days other than those applying by virtue of sub-paragraph (2).
(5)HMRC may by direction make transitional arrangements for periods (whether of 3 months or otherwise) to be treated as accounting periods where—
(a)a person becomes or ceases to be registered, or
(b)an agreement under sub-paragraph (4) begins or ends.
(6)If there is reason to believe that a person who is liable for machine games duty may not discharge that liability as it falls due from time to time—
(a)HMRC may by direction specify shorter periods to be treated as accounting periods for the purposes of that person's liability to machine games duty,
(b)any such direction continues to have effect until it is withdrawn by HMRC (unless otherwise specified in the direction), and
(c)withdrawal of a direction does not prevent the giving of further directions in respect of the same person.
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