7Payment by instalments

#### 7 Payment by instalments 7 Payment by instalments > > (1) For the purposes of this Act— > > > > > (a) each tax year of a hotelier is divided into 4 periods of 3 months commencing on 1 July, 1 October, 1 January and 1 April, and > > > > > (b) each tax year of a registered club is divided into 4 periods of 3 months commencing on 1 September, 1 December, 1 March and 1 June. > > > (2) Quarterly instalments of tax are payable by a hotelier or registered club to the Chief Commissioner within 21 days after the end of each instalment period. > > > (3) A hotelier or registered club must— > > > > > (a) before the end of each such 21-day period, deposit the amount payable in a bank or financial institution, and > > > > > (b) make such arrangements with the Chief Commissioner as enable the Chief Commissioner to access or appropriate that amount (such as by way of direct debit from the account of the hotelier or registered club concerned). > > > > Maximum penalty—20 penalty units. > > > (4) In the case of hoteliers, the liability to pay such an instalment lies with the hotelier who holds the relevant hotel licence at the time the instalment is due. > > **s 7:** Am 2001 No 127, Sch 5.3 \[3\]; 2003 No 34, Sch 2 \[3\]; 2007 No 92, Sch 4.8 \[6\].