Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025

37 Annual or quarterly return

(1) A VAP may make an annual return in respect of a financial year (but may choose to make quarterly returns) if—

(a) the VAP expects that the amount of levy the VAP will be liable to pay, in respect of that year, will not exceed £1000, and

(b) the VAP (if the VAP made a return in respect of the preceding financial year, or any part of that year) was not liable to pay an amount of levy exceeding £1000 in respect of the preceding financial year.

(2) A VAP that may not, or that chooses not to, make an annual return in respect of a financial year must make quarterly returns.

(3) The Welsh Ministers may by regulations—

(a) amend subsection (1)(a) and (b) to change the figure specified in those paragraphs;

(b) make provision about information that a VAP may or must provide to WRA if the VAP wishes to make an annual return.

(4) A change to the frequency with which a return is made may take effect only at the start of a financial year.

(5) Subsections (1) and (2) are subject to section 120D of the Tax Collection and Management (Wales) Act 2016 (anaw 6) (prohibition on changing frequency of returns where VAP has a penalty point).