PART 7Accounting periods, payment, returns and accounts
Requirement to keep accounts23
1
For each accounting period, a liable person must keep accounts for the purposes of soft drinks industry levy.
2
The accounts must include details of the following quantities—
a
where the liable person falls within section 35(1), the quantity of chargeable soft drinks packaged to which a chargeable event in section 32(2) or (3) applies;
b
where the liable person falls within section 35(2), the quantity of chargeable soft drinks imported to which a chargeable event in section 33(2) or (8) applies; and
c
where the liable person falls within section 35(3), the quantity of chargeable soft drinks imported to which a chargeable event in section 33(9) applies.
3
Those quantities must be shown in litres.
4
The accounts must show in respect of those quantities, the quantity subject to the small producer exemption described in section 37.
5
The accounts must show separately in respect of each of the quantities described in paragraph (2)—
a
the rate of soft drinks industry levy which is applicable; and
b
the amount of soft drinks industry levy payable.
6
The accounts must include details of—
a
how any tax credit is calculated;
b
the case which applies to any tax credit; and
c
any adjustments or corrections made in respect of any previous accounting period, including identification of the period.
7
The accounts must show the total of soft drinks industry levy payable in respect of the accounting period.
8
The liable person must preserve the accounts for an accounting period for the period of 6 years beginning with the last day of the accounting period.