Part III Duty to Keep and Preserve Records
Finance Act 1998 (1998 c 36) | Legislation

Part III Duty to Keep and Preserve Records

Duty to keep and preserve records

21

(1)     A company which may be required to deliver a company tax return for any period must—

(a)     keep such records as may be needed to enable it to deliver a correct and complete return for the period, and

(b)     preserve those records in accordance with this paragraph.

(2)     The records must be preserved [until the end of the relevant day].

[(2A)     In this paragraph “relevant day†means—

(a)     the sixth anniversary of the end of the period for which the company may be required to deliver a company tax return, 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)     If the company is required to deliver a company tax return by notice given before the end of [the relevant day], the records must be preserved until any later date on which—

(a)     any enquiry into the return is completed, or

(b)     if there is no enquiry, [an officer of Revenue and Customs] no longer [has] power to enquire into the return.

(4)

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