The Ports Act 1991 (Levy on Disposals of Land, etc.) Order 1992

Payment of levy — General

13.—(1) Subject to the provisions of this Order, levy chargeable on a disposal shall be payable within the period beginning with the disposal date and ending with the quarter date next following the disposal date.

(2) Subject to paragraphs (3) and (4) below, the last day of every third month after the accounting reference date of a chargeable company is, for the purposes of this Order, a quarter date of the company.

(3) Subject to paragraph (4) below, if a quarter date falls less than 14 days after a disposal date in relation to a disposal in relation to which an amount of levy or interest is payable by the company, the quarter date in relation to the payability of that amount shall be the fourteenth day after the disposal date.

(4) If a day ascertained in accordance with paragraph (2) or (3) above is not a business day, the quarter date shall be the next succeeding business day.

(5) In paragraph (2) of this article “accounting reference date” means an accounting reference date within the meaning given by section 224 of the Companies Act 1985(1).

(1)

1985 c. 6; section 224 was inserted by section 3 of the Companies Act 1989 (c. 40).