Revenue Scotland and Tax Powers Act 2014 section 74

Duty to keep and preserve records

Section 74 sets out the obligation on taxpayers and registrable persons to keep and preserve records relating to devolved taxes administered by Revenue Scotland.

• Anyone required to make a tax return for a devolved tax must keep records sufficient to support a correct and complete return, and preserve them for at least five years
• Persons liable to register for tax must keep records relating to notifications of taxable activities and materials at landfill sites, also preserved for five years
• Records to be kept include transaction details, contracts, conveyances, maps, financial arrangements and details of taxable activities
• Revenue Scotland may specify an earlier date for disposal, and Scottish Ministers may make regulations adding to or excluding particular types of records

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