Legislation – Finance Act 2024

“(4A)

For the purposes of subsection (4), a “payment period” is—

(a)

in relation to PAYE regulations or Class 1 national insurance contributions, a period—

(i)

which ends on the fifth day of a month, and

(ii)

for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;

(b)

in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.”