Commentary on Sections Part 3 – Visitor Levy Chapter 2 – Accounting for, and Payment of, the Levy Section 39 – Meaning of “accounting period”: quarterly returns
114.This section defines the accounting period for VAPs making quarterly returns as a calendar quarter. A calendar quarter is defined as a period of 3 months ending with 31 March, 30 June, 30 September or 31 December. It sets out, where a VAP commences leviable operations, the VAP’s first accounting period.