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PART 3E+WTAX RETURNS, ENQUIRIES AND ASSESSMENTS

CHAPTER 2E+WF1... DUTIES TO KEEP AND PRESERVE RECORDS

Textual Amendments

38[F2Duty to keep and preserve records: cases where a tax return is required]E+W

(1)A person who is required to make a tax return must—

(a)keep any records that may be needed to enable the person to [F3demonstrate that the tax return is correct and complete,] and

[F4(b)preserve any records that may be needed for that purpose.]

(2)The records must be preserved until the end of the later of the relevant [F5date] and the [F5date] on which—

(a)an enquiry into the tax return is completed (see section 50), or

(b)if there is no enquiry, [F6the enquiry period ends (see section 43(1A)).]

[F7(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.]

(4)Different [F8dates] may be specified for different purposes under subsection [F9(3A)].

[F10(5)In this Chapter, “"records”” includes supporting documents (for example, accounts, books, deeds, contracts, vouchers and receipts).]

F11(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F12(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F13(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Modifications etc. (not altering text)

Commencement Information

I1S. 38 in force at 1.4.2018 by S.I. 2018/33, art. 3