Finance Act 2008

FA 1998

8 (1) Paragraph 21 (duty to keep and preserve records) is amended as follows.

(2) In sub-paragraph (2), for the words from “for six years” to the end substitute “until the end of the relevant day.”

(3) After that sub-paragraph insert—

“(2A) In this paragraph “relevant day” means—

(a) the sixth anniversary of the end of the period for which the company may be required to deliver a company tax return, or

(b) such earlier day as may be specified in writing by the Commissioners for Her Majesty’s Revenue and Customs (and different days may be specified for different cases).”

(4) In sub-paragraph (3), for “that six year period” substitute “the relevant day”.

(5) In sub-paragraph (4), for “that six year period” substitute “the relevant day”.

(6) After sub-paragraph (5) insert—

“(5A) The Commissioners for Her Majesty’s Revenue and Customs may by regulations—

(a) provide that the records required to be kept and preserved under this paragraph include, or do not include, records specified in the regulations, and

(b) provide that those records include supporting documents so specified.

(5B) Regulations under this paragraph may—

(a) make different provision for different cases, and

(b) make provision by reference to things specified in a notice published by the Commissioners for Her Majesty’s Revenue and Customs in accordance with the regulations (and not withdrawn by a subsequent notice).”

(7) In sub-paragraph (6), omit the first sentence.