PART 3TAX RETURNS, ENQUIRIES AND ASSESSMENTS

CHAPTER 8PROCEDURE FOR MAKING CLAIMS ETC.

69Duty to keep and preserve records

1

A person making a claim under section 62 or 63 must—

a

have kept any records that are needed to enable the person to make a correct and complete claim, and

b

preserve those records in accordance with this section.

2

The records must be preserved until the latest of the following—

a

(except where paragraph (b) or (c) applies) the end of the period of 12 months beginning with the day on which the claim was made;

b

where there is an enquiry into the claim, or into an amendment of the claim, the day on which the enquiry is completed;

c

where the claim is amended and there is no enquiry into the amendment, the day on which WRA ceases to have power to enquire into the amendment.

3

The Welsh Ministers may by regulations—

a

provide that the records required to be kept and preserved under this section include, or do not include, records of a description prescribed by the regulations;

b

prescribe descriptions of supporting documents that are required to be kept under this section.

4

Regulations under this section may make provision by reference to things specified in a notice published by WRA in accordance with the regulations (and not withdrawn by a subsequent notice).

5

“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.