Part 1Record-keeping
1(1)Section 118A of CEMA 1979 (duty of revenue traders to keep records) is amended as follows.
(2)In subsection (1)(b), for “require” substitute “specify in writing (and different lesser periods may be specified for different cases)”.
(3)For subsection (3) substitute—
“(3)A duty imposed by this section to preserve records may be discharged—
(a)by preserving them in any form and by any means, or
(b)by preserving the information contained in them in any form and by any means,
subject to any conditions or exceptions specified in writing by the Commissioners.”
(4)Omit subsections (4) to (6).
2In consequence of the amendment made by paragraph 1(4)—
(a)in FA 1994, omit section 256(3), and
(b)in the Criminal Procedure (Consequential Provisions) (Scotland) Act 1995, omit paragraph 18(2) of Schedule 4.