Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 30

Amendment to record-keeping duties

Schedule 23 paragraph 30 extends the existing duty to keep and preserve records so that it also applies to returns made under the new section 63A of the Tax Collection and Management (Wales) Act 2016.

• Section 69 of the Tax Collection and Management (Wales) Act 2016 requires taxpayers to keep and preserve records relating to tax returns.
• Previously, this record-keeping duty applied to returns made under sections up to and including section 63.
• This amendment adds section 63A to the list, so the same record-keeping obligations now cover returns made under that new provision.
• This ensures that any new category of return introduced by section 63A is subject to the same documentary retention requirements as existing return types.