The taxation imposed hereunder shall be due and payable in quarterly installments and the remittance thereof shall be made on or before the fifteenth day of the month next succeeding the end of the quarterly period in which the tax accrued. The license payer on or before said fifteenth day of said month, shall make out a return upon such forms and setting forth such information as the town council may require showing the amount of the tax for which said person or company is liable for the preceding quarterly period, signed and transmitted same to the town clerk together with a remittance for said amount. The town council may at its discretion require verified annual returns from said tax payer, setting forth such additional information as it may deem necessary to correctly determine tax liability and license. (Ord. 231 § 6, 1961)