sec.19Working out monthly payments for quarterly return period in particular circumstances

sec.19 Working out monthly payments for quarterly return period in particular circumstances

This section applies if— an amount is payable by a person under section 18 (2) for the first and second months of a return period (the current return period ); and either— the person did not lodge a royalty return for the previous return period, as required under the Act ; or the previous return period was not a calendar quarter. For working out the amounts payable by the person under section 18 (2) — the revenue commissioner may— if subsection (1) (b) (i) applies—estimate the total amount of royalty payable by the person under the Act for the previous return period; or if subsection (1) (b) (ii) applies—adjust the amount of royalty payable by the person under the Act for the previous return period to estimate an amount representative of the royalty that would have been payable if the previous return period were a calendar quarter; and the revenue commissioner must give the person a notice stating the amount (the estimated amount ) estimated by the revenue commissioner under paragraph (a) (i) or (ii) ; and the estimated amount is the total amount of royalty payable by the person under the Act for the previous return period. In estimating an amount for subsection (2) (a) (i) or (ii) , the revenue commissioner may have regard to— any other royalty returns lodged by the person; and the size of the mining operation for which the royalty is payable; and any other relevant matter. (sec.19-ssec.1) This section applies if— an amount is payable by a person under section 18 (2) for the first and second months of a return period (the current return period ); and either— the person did not lodge a royalty return for the previous return period, as required under the Act ; or the previous return period was not a calendar quarter. (sec.19-ssec.2) For working out the amounts payable by the person under section 18 (2) — the revenue commissioner may— if subsection (1) (b) (i) applies—estimate the total amount of royalty payable by the person under the Act for the previous return period; or if subsection (1) (b) (ii) applies—adjust the amount of royalty payable by the person under the Act for the previous return period to estimate an amount representative of the royalty that would have been payable if the previous return period were a calendar quarter; and the revenue commissioner must give the person a notice stating the amount (the estimated amount ) estimated by the revenue commissioner under paragraph (a) (i) or (ii) ; and the estimated amount is the total amount of royalty payable by the person under the Act for the previous return period. (sec.19-ssec.3) In estimating an amount for subsection (2) (a) (i) or (ii) , the revenue commissioner may have regard to— any other royalty returns lodged by the person; and the size of the mining operation for which the royalty is payable; and any other relevant matter.