This also sounds onerous on the parents. I think 6 monthly is sufficient.
Do you agree with this comment?
In a situation where the paying parent is self-employed the compliance cost of having to provide this information more then annually through preparation of annual financial statements will be onerous & add additional compliance costs to small businesses.
My strong preference is 12 months or the status quo. I work for a small business/startup, and I do not like the prospect of an overhead being incurred on my employer/the director for a private family matter.