Landfill Disposals Tax (Wales) Act 2017 section 43

Duty to maintain landfill disposals tax summary

Section 43 requires anyone carrying out taxable landfill disposals to maintain a running record known as a landfill disposals tax summary for each accounting period.

• Anyone carrying out taxable landfill operations must keep a landfill disposals tax summary for each accounting period, recording the tax chargeable, any tax credits claimed, and the tax paid.
• The Welsh Revenue Authority (WRA) has the power to specify both the format of the summary and the information it must contain.
• The landfill disposals tax summary is treated as a statutory record under section 38(1) of the Tax Collection and Management (Wales) Act 2016 (TCMA).
• Because the summary is treated as a TCMA record, it must be kept and preserved to demonstrate that the tax return for the relevant accounting period is correct and complete.