SCHEDULES
C1 SCHEDULE 7 Insurance premium tax
Part I Information
Records
1
1
Regulations may require registrable persons to keep records.
2
Regulations under sub-paragraph (1) above may be framed by reference to such records as may be specified in any notice published by the Commissioners in pursuance of the regulations and not withdrawn by a further notice.
3
Regulations may F1—
a
require any records kept in pursuance of the regulations to be preserved for such period not exceeding six years as may be specified in the regulations.
F2b
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.
F34
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.
Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)