Section 165 — Finance Act 2014: Accounting period

Accounting period 165 1 For the purposes of this Part—

a a period of 3 consecutive months is an accounting period, but b the Commissioners may by regulations provide for some other period specified in, or determined in accordance with, the regulations to be an accounting period.

2 The first day of an accounting period is such day as the Commissioners may direct.

3 The Commissioners may agree with a person to make either or both of the following changes for the purposes of that person's liability to general betting duty, pool betting duty or remote gaming duty—

a to treat specified periods (whether longer or shorter than 3 months) as accounting periods;

b to begin accounting periods on days other than those applying by virtue of subsection (2).

4 The Commissioners may by direction make transitional arrangements for periods (whether of 3 months or otherwise) to be treated as accounting periods where—

a a person becomes or ceases to be registered, or b an agreement under subsection (3) begins or ends.

5 A direction under this section—

a may apply generally or only to a particular case or class of case, and b must be published unless it applies only to a particular case.