Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017

This section has no associated Explanatory Notes

5E+WIn section 38 (duty to keep and preserve records)—

(a)in subsection (1)—

(i)in paragraph (a), for the words from ““make”” to the end substitute “ demonstrate that the tax return is correct and complete, ”;

(ii)for paragraph (b) substitute—

“(b)preserve any records that may be needed for that purpose.”;

(b)in subsection (2)—

(i)for ““day””, in both places where it occurs, substitute “ date ”;

(ii)in paragraph (b), for the words from ““WRA”” to the end substitute “ the enquiry period ends (see section 43(1A)). ”;

(c)for subsection (3) substitute—

“(3)The ““relevant date”” is the sixth anniversary of whichever is the later of—

(a)the filing date, and

(b)if the return has been made and subsequently amended under section 41, the date on which notice of amendment is given under that section.

(3A)But if WRA specifies an earlier date under this subsection, the “"relevant date”” means the date specified.”;

(d)in subsection (4)—

(i)for ““days”” substitute “ dates ”;

(ii)for ““(3)(b)”” substitute “ (3A) ”;

(e)for subsection (5) substitute—

“(5)In this Chapter, “"records”” includes supporting documents (for example, accounts, books, deeds, contracts, vouchers and receipts).”;

(f)omit subsections (6) to (8);

(g)the section heading becomes “ Duty to keep and preserve records: cases where a tax return is required ”.

Commencement Information