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Set up quarters or years that don't follow the calendar year (custom tax year)

Learn how to set up an obligation whose quarters or years don't follow the calendar year, with a custom tax year.

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Written by Jelle Loos

When you need it

Some returns follow their own tax year. In the United Kingdom, for example, a VAT registration can have quarters that end in April, July, October and January. In Loctax, you set this up with a custom tax year.

Steps

  1. Open the entity and select Add obligation. Choose the obligation, give it a name, select the country, and set the start date.

  2. In the next step, set Filing period to Custom tax year, and choose the month and day the tax year starts. The quarters follow that start date.

  3. Choose the Periodicity and set the due date rule. The Calculation examples show the first due dates.

  4. Complete the payment and registration steps as usual, and select Add.

Check the result

  • Under Filing periodicity, the obligation shows the custom tax year and its start date.

  • The periods and due dates follow the custom tax year.

  • An annual obligation works the same way: the year runs from your start date, for example from 1 April to 31 March.

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