CCLG15455 - Assessments and Penalties: Failure to keep records - Regulations 7(1) to 7(4) and 8 to CCL (General) Regulations 2001
Traders should keep the following accounting records:
- a climate change levy account;
- a climate change levy bad debts account; and
- a climate change levy tax credits account.
All records kept by the trader must be kept in a manner stipulated in a published notice.
Regulation 8 lists all the records which a registrable person must keep.
If the registrable person fails to keep records they will be liable to a penalty of £250 for each such failure. (Regulations 7(1) to 7 (4), 8 and 60 (1) (c) and (d) CCL (General) Regulations 2001.)