HMDWBK3100 - Law, Policy and Application: Records and accounts

Maintenance and preservation of accounts and records

Law

Revenue Traders (Account and Records) Regulations 1992 (RTAR) s3, 4, 6 & 8.

Policy and application

Claimants must keep and preserve all documents, accounts and records specified in regulation 4, Schedule 1. Regulation 8 sets a 6 year retention period for records and accounts. In cases where the retention period of 6 years causes claimants storage problems, involves them in undue expense, etc. you may authorise them to retain secondary records for a lesser period.

Furnishing of information and production of accounts and documents

Law

Customs and Excise Management Act 1979 (CEMA) s118A, 118B & 133.

Policy and application

These provisions are self explanatory.

General conditions

Law

Excise Goods (Drawback) Regulations 1995 (EGDR) s7

Policy and application

Claimants must comply with the conditions set out in the Regulations and Notice 207 Excise Duty Drawback. Where additional conditions are imposed, a revenue trader has a right to a departmental review and appeal before a VAT and Duties Tribunal.