Section 49 | Accounting for tax and time for payment.

Regulations may provide that a registered person shall—^F1

(a)account for tax by reference to such periods (accounting periods) as may be determined by or under the regulations;

(b)make, in relation to accounting periods, returns in such form ... and at such times as may be so determined;^F2

(c)pay tax at such times and in such manner as may be so determined.