Finance Act 2005
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Deferment of payment. |
74.—The Commissioners may, subject to compliance with such conditions for securing payment of tobacco products tax as they may think fit to impose— | |
(a) in respect of specified tobacco products where the issue of tax stamps arises in a period beginning on and including the fourth last day of a month up to and including the fifth last day of the subsequent month permit, subject to paragraph (b), payment of the amount referred to in section 73 (3) or tobacco products tax to be deferred to a day not later than the last day of the second month following that subsequent month, | ||
(b) in respect of specified tobacco products where such issue arises during the period beginning on and including 28 October in any year and ending on and including 27 December in that year, permit payment of such amount or tobacco products tax arising up to and including 30 November in that year and half the total of such amount and such tobacco products tax arising in the said period thereafter, as determined by the Commissioners, to be paid not later than 31 December in that year, and | ||
(c) in respect of other tobacco products: | ||
(i) other than on the last day in the month of December, where tobacco products tax liability arises on a day in that month but such day is not a Saturday or a Sunday, permit payment of tobacco products tax to be deferred, as to one half, as determined by the Commissioners, of the tax to a day not later than the last day of that month and, as to the remainder of the tax, to a day not later than the last day of the next following month of January, and | ||
(ii) in any other case, permit payment of the tobacco products tax to be deferred to a day not later than the last day of the month immediately following that in which liability arises. |