Section 98
1(1)Paragraph 1 of Schedule 7 to FA 1994 (insurance premium tax: records) is amended as follows.
(2)In sub-paragraph (3)—
(a)after “may” insert “—
(a)”, and
(b)insert at the end—
“(b)authorise the Commissioners to direct that any such records need only be preserved for a shorter period than that specified in the regulations, and
(c)authorise a direction to be made so as to apply generally or in such cases as the Commissioners may stipulate.”
(3)For sub-paragraphs (4) to (6) substitute—
“(4)A duty under the regulations 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.”
2In consequence of the amendment made by paragraph 1(3), in the Criminal Procedure (Consequential Provisions) (Scotland) Act 1995, in Schedule 4, omit paragraph 89(4)(a).
3Part 4 of FA 2003 (stamp duty land tax) is amended as follows.
4Schedule 10 (stamp duty land tax: returns, enquiries, assessments and appeals) is amended in accordance with paragraphs 5 to 7.
5(1)Paragraph 9 (duty to keep and preserve records) is amended as follows.
(2)In sub-paragraph (2), for “for six years after the effective date of the transaction and until any later” substitute “until the end of the later of the relevant day and the”.
(3)After that sub-paragraph insert—
“(2A)“The relevant day” means—
(a)the sixth anniversary of the effective date of the transaction, 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)After sub-paragraph (3) insert—
“(4)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.
(5)Regulations under this paragraph may 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notice published by the Commissioners for Her Majesty’s Revenue and Customs in accordance with the regulations (and not withdrawn by a subsequent notice).
(6)“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.”
6For paragraph 10 (preservation of information instead of original records) substitute—
“10The duty under paragraph 9 to preserve records may be satisfied—
(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 for Her Majesty’s Revenue and Customs.”
7Accordingly, in the heading before paragraph 10, for “instead of original records” substitute “etc”.
8Schedule 11 (record-keeping where transaction is not notifiable) is amended in accordance with paragraphs 9 to 11.
9(1)Paragraph 4 (duty to keep and preserve records) is amended as follows.
(2)In sub-paragraph (2), for “for six years after the effective date of the transaction” substitute “until the end of—
(a)the sixth anniversary of the effective date of the transaction, 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).”
(3)After sub-paragraph (3) insert—
“(4)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.
(5)Regulations under this paragraph may 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).
(6)“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.”
10For paragraph 5 (preservation of information instead of original records) substitute—
“5The duty under paragraph 4 to preserve records may be satisfied—
(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 for Her Majesty’s Revenue and Customs.”
11Accordingly, in the heading before paragraph 5, for “instead of original records” substitute “etc”.
12Schedule 11A (claims not included in returns) is amended in accordance with paragraphs 13 and 14.
13(1)Paragraph 3 (duty to keep and preserve records) is amended as follows.
(2)Omit sub-paragraphs (3) and (4).
(3)After sub-paragraph (4) insert—
“(4A)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.
(4B)Regulations under this paragraph may 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).
(4C)“Supporting documents” includes accounts, books, deeds, contracts, vouchers and receipts.”
14After that paragraph insert—
3AThe duty under paragraph 3 to preserve records may be satisfied—
(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 for Her Majesty’s Revenue and Customs.”
15Schedule 7 to FA 2001 (aggregates levy: information and evidence etc) is amended as follows.
16(1)Paragraph 2 (records) is amended as follows.
(2)For sub-paragraphs (4) and (5) substitute—
“(4)A duty under regulations under this paragraph 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.”
(3)In sub-paragraph (9), omit “approval or” and “given or”.
17Omit paragraph 3 (evidence of records that are required to be preserved).
18Schedule 6 to FA 2000 (climate change levy) is amended as follows.
19(1)Paragraph 125 (records) is amended as follows.
(2)For sub-paragraphs (4) and (5) substitute—
“(4)A duty under regulations under this paragraph 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.”
(3)In sub-paragraph (9), omit “approval or” and “given or”.
20Omit paragraph 126 (evidence of records that are required to be preserved).
21In paragraph 2 of Schedule 5 to FA 1996 (landfill tax: records), for sub-paragraphs (4) to (7) substitute—
“(4)A duty under regulations under this paragraph 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.”