- The schedule of months in which quarterly returns for VAT and Insurance Premium Tax (IPT) are due. Traders registered for VAT and IPT are generally required to submit returns every quarter. For administrative purposes, the dates on which returns are due are staggered through the year. When you register for one of these taxes, you will be notified of which four months will mark the end of your quarterly tax periods. These are known as the 'stagger'. Normally, a stagger will be allocated by Customs and Excise. Under some circumstances, however, a trader can request to be put on a particular stagger. HM Customs & Revenue Glossary
* * *stagger stag‧ger [ˈstægə ǁ -ər] verb [transitive]1. HUMAN RESOURCES to arrange people's working hours, holidays etc so that they do not all begin and end at the same time:
• The meetings are staggered throughout the day to give shift workers the opportunity to attend.
• More could be done to encourage staggered working hours.2. FINANCE to arrange a series of payments, deliveries etc so that they do not all happen at the same time:
• The loan repayments were staggered over a long period.
• The remaining aircraft will be delivered on a staggered basis by the year 2025.
* * *stagger UK US /ˈstægər/ verb [T]► to arrange for things like holidays, working hours, or payments to happen at different times so that they are easier to manage: »
Utilities companies will allow customers to stagger payments when they have bills they cannot pay.»
Over half of American firms stagger the election of board members, so that the whole board is not replaced at once.
Financial and business terms. 2012.