[12B Records to be kept for purposes of returns]
Taxes Management Act 1970 (1970 c 9) | Legislation

[Records]

[12B  Records to be kept for purposes of returns]

[(1)ÌýÌýÌýÌý Any person who may be required by a notice under section 8, 8A.Ìý.Ìý. or 12AA of this Act .Ìý.Ìý. to make and deliver a return for a year of assessment or other period shall—

(a)ÌýÌýÌýÌý keep all such records as may be requisite for the purpose of enabling him to make and deliver a correct and complete return for the year or period; and

[(b)ÌýÌýÌýÌý preserve those records until the end of the relevant day, that is to say, the day mentioned in subsection (2) below or, where a return is required by a notice given on or before that day, whichever of that day and the following is the latest, namely—

(i)ÌýÌýÌýÌý where enquiries into the return .Ìý.Ìý. are made by an officer of the Board, the day on which, by virtue of section [28A(1B) or 28B(1B)] of this Act, those enquiries are .Ìý.Ìý. completed; and

(ii)ÌýÌýÌýÌý where no enquiries into the return .Ìý.Ìý. are so made, the day on which such an officer no longer has power to make such enquiries.]

[(1)

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