17.—(1) Any person liable to pay the duty due on tobacco products to which this regulation is applicable may, subject to regulations 18 and 19 below, elect to defer payment of that duty until payment day.
(2) This regulation is applicable to—
(a)imported tobacco products for which the excise duty point is the time of their importation;
(b)tobacco products imported by a REDS (including any importation where the tobacco products are moved under the instructions of a REDS or are, in accordance with registered excise dealers and shippers regulations, deemed to be so moved);
(c)tobacco products that are entered for removal from an excise warehouse for home use; and
(d)tobacco products entered for removal from registered premises for home use.
(3) In relation to tobacco products for which the excise duty point is the time of their importation or that are entered for removal from an excise warehouse for home use payment day is—
(a)where but for the deferment granted by this regulation the duty would be payable during a period beginning on the 15th day of one month and ending on the 14th day of the next month, the 29th day of that next month (or the 28th day in the case of a month that has only 28 days), or
(b)if that day is not a business day, the last business day before that day.
(4) In relation to tobacco products imported by a REDS payment day is—
(a)the 15th day of the month following the month in which the duty would, but for the deferment granted by this regulation, be payable, or
(b)if that day is not a business day, the last business day before that day.
(5) In any other case payment day is—
(a)the 15th day of the month following the month in which the duty would, but for the deferment granted by this regulation, be payable, or
(b)if that day is not a business day, the next business day following that day.