Reporting and Payment Requirements

(1) (a) Employers may defer without interest or penalty up to one-third of contributions due and payable for the first calendar quarter. (b) The amount deferred for the first calendar quarter may not exceed 34% of the total contributions due for that quarter. (c) Employers must pay any amount deferred from the first calendar quarter on or before the next July 31st. (2) (a) Employers may defer without interest or penalty up to a of contributions due and payable for the second calendar quarter. (b) The amount deferred for the second calendar quarter may not exceed 34% of the contribution due for the second calendar quarter, including the amount of any contributions deferred from the first calendar quarter. (c) Employers must pay any amount deferred from the second calendar quarter on or before the next October 31st. (3) Employers may not defer any contributions ordinarily due and payable in the first or second calendar quarter beyond the third calendar quarter. 13.04: continued (4) No employer may defer any contributions due for a particular quarter unless the employer has filed allreports required by the commissioner for that quarter and has paid in full on or before the due date for the applicable quarter any contributions, including the excise due under M.G.L. c. 151A, § 14J, which have not been deferred. (5) In no case may an employer defer any amounts due under M.G.L. c.151A, § 14J. (6) Any amounts deferred from the first or second calendar quarter that are not paid in full on or before the due date of the next succeeding calendar quarter shall accrue interest and penalties as provided by M.G.L. c. 151A. (7) Any amounts which may not be deferred or which the employer elects not to defer and which are not paid in full on or before the applicable due date shall accrue interest and penalties as provided by M.G.L. c. 151A. Except where inconsistent with St, 1992, c. 26, § 28 and 430 CMR 13.00, the provisions of M.G.L. c. 151A and its corresponding regulations shall apply.