Prospective
5.—(1) A relevant person must keep digital records for each business for the period beginning with the digital start date which applies to the business and ending with the date on which the business ceases.
(2) A relevant person must record a digital record by no later than—
(a)the quarterly deadline for the [F1quarterly update period] in which the digital record falls; or
(b)immediately before the relevant person provides the quarterly update for the [F2quarterly update period] in which the digital record falls,
whichever is the earlier.
Textual Amendments
F1Words in reg. 5(2)(a) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 7
F2Words in reg. 5(2)(b) substituted (14.3.2024) by The Income Tax (Digital Requirements) (Amendment) Regulations 2024 (S.I. 2024/167), regs. 1, 7
Commencement Information
I1Reg. 5 in force at 6.4.2026 (as amended by S.I. 2024/167, reg. 3), see reg. 1