C2C1PART VACCOUNTING, PAYMENT AND RECORDS
Pt. 5 applied (31.12.2020) by The Value Added Tax (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1546), regs. 1, 16 (with reg. 15); S.I. 2020/1641, reg. 2, Sch.
C2C1F2F1Preservation of records31AA
1
Subject to paragraph (2) the electronic account required to be kept pursuant to regulation 31(1)(l) must be preserved using functional compatible software.
2
The obligation under paragraph (1) does not apply to a person to whom the requirements of regulation 32A have ceased to apply.
3
Subject to paragraph (1) the duty to preserve records required to be kept pursuant to regulations 31 and 31A may be discharged by—
a
preserving them in any form or by any means; or
b
preserving the information in them by any means,
subject to any conditions or exceptions specified in writing by the Commissioners.
4
The functional compatible software must take a form approved by the Commissioners in a specific or general direction.
5
A direction under paragraph (4) may also specify the circumstances in which functional compatible software may be used or not used.
Pt. 5 applied (31.12.2020) by The Value Added Tax (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1546), regs. 1, 34 (with reg. 33); S.I. 2020/1641, reg. 2, Sch.