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What is the difference between Standard period type and Calendar period type?
The Period Type determines how your quarterly reporting obligations are structured throughout the year.
- Standard Period Type: Your reporting periods follow the UK tax year (6 April to 5 April). Each quarter ends on the 5th of the month, covering 6 Apr to 5 Jul, 6 Jul to 5 Oct, 6 Oct to 5 Jan, and 6 Jan to 5 Apr.
- Calendar Period Type: Your reporting periods follow the calendar year, with each quarter ending on the last day of the month, covering 1 Jan to 31 Mar, 1 Apr to 30 Jun, 1 Jul to 30 Sep, and 1 Oct to 31 Dec.