The Revenue Traders (Accounts and Records) (Amendment) Regulations 2015

Made: 7th September 2015

Laid before Parliament: 9th September 2015

Coming into force: 1st October 2015

The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 118A of the Customs and Excise Management Act 1979[^f00001]:

Citation and commencement

1

These Regulations may be cited as the Revenue Traders (Accounts and Records) (Amendment) Regulations 2015 and come into force on 1st October 2015.

Amendment to the Revenue Traders (Accounts and Records) Regulations 1992

2

• (1) The Revenue Traders (Accounts and Records) Regulations 1992[^f00002] are amended as follows.

• (2) After regulation 1 (citation and commencement) insert—

(1A) Where a revenue trader is required to keep any record by or under regulations made under section 88E(2)(c) of the Alcoholic Liquor Duties Act 1979[^f00003], no requirement to keep that record applies under these Regulations.

Signed

Ruth Owen — Nick Lodge — Two of the Commissioners for Her Majesty’s Revenue and Customs — 7th September 2015

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

The Regulations amend the Revenue Traders (Accounts and Records) Regulations 1992 (S.I. 1992/3150) (“the 1992 Regulations”) to provide that where a revenue trader is required to keep any record by or under regulations made under section 88E(2)(c) of the Alcoholic Liquor Duties Act 1979 (c.2) (“ALDA”), no requirement to keep that record applies under the 1992 Regulations.

Regulation 8 of the Wholesaling of Controlled Liquor Regulations 2015 (S.I. 2015/1516) (which is made under section 88E(2)(c) of ALDA) makes provision about records to be kept by revenue traders who are “approved persons” within the meaning of section 88C(6) of ALDA (as inserted by section 54(3) of the Finance Act 2015).

A Tax Information and Impact note (TIIN) covering this instrument was published on 10th December 2014 alongside draft clauses of the Finance Bill 2015 and is available on the government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.It remains an accurate summary of the impacts that apply to this instrument.

Footnotes

[^f00001]: 1979 c. 2; section 118A was inserted by the Finance Act 1991 (c. 31), Schedule 5 and has been amended by the Finance Act 1994 (c.9) Schedule 26, Part 8 and the Finance (No.3) Act 2010 (c.33), Schedule 13, Part 1. The power to make regulations under section 118A is conferred on “the Commissioners”. Section 1(1) of the Customs and Excise Management Act 1979 (as amended by the Commissioners for Revenue and Customs Act 2005 (c.11), section 50, Schedule 4, paragraph 22(b)) defines “the Commissioners” as the Commissioners for Her Majesty’s Revenue and Customs.

[^f00002]: S.I.1992/3150, to which there are amendments not relevant to these Regulations.

[^f00003]: 1979 c. 4; section 88E was inserted by section 54(3) of the Finance Act 2015 (c.11).