SCHEDULE 50 Record-Keeping
Finance Act 2009 (2009 c 10) | Legislation

SCHEDULE 50 Record-Keeping

Section 98

Insurance premium tax

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

“â¶Ä”

(a)     â€, 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.â€

(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.â€

2

In 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).

Stamp duty land tax

3

Part 4 of FA 2003 (stamp duty land tax) is amended as follows.

4

Schedule

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