- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
14.—(1) Subject to the provisions of this regulation a REDS shall each month furnish the Commissioners with a return (to be known as a REDS return) which has been issued to him.
(2) A REDS shall furnish his REDS return by delivering it to the Commissioners (at the REDS central accounting centre specified on the issued REDS return) within the following period (“the critical period”), that is to say—
(a)the critical period shall be the four consecutive days immediately following the end of the calendar month, specified in the issued REDS return, when each of those days is a business day; and
(b)if any of those days is not a business day the critical period shall be the three consecutive business days immediately following the end of that calendar month.
(3) Subject to any duty deferment arrangements, a REDS shall pay to the Commis sioners by the end of each critical period the duty which—
(a)is entered on a REDS return as being due from him; or
(b)is due from him and has not been paid by him or by any other person;
and in this paragraph the duty that is due from him includes that duty for which a REDS, who is required by this Regulation to furnish a REDS return, is severally or jointly liable to pay by virtue of these Regulations, or any other provision made by or under the customs and excise Acts; and it includes any duty that should have been paid by the end of a previous critical period.
(4) The Commissioners may impose a requirement which is different from, or is a variation of a requirement imposed by this regulation; and the paragraphs of this regulation that impose a requirement include a reference to such a different or varied requirement.
(5) In this regulation “business day” means a day which is a business day within the meaning of section 92 of the Bills of Exchange Act 1892(1).
1882 c. 61 (45 & 46 Vict); section 92 was amended by the Banking and Financial Dealings Act 1971 (c. 80), sections 3 and 4.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: