Revenue Scotland and Tax Powers Act 2014 section 75

Preservation of information etc.

Section 75 explains how taxpayers may satisfy their duty to preserve records, allowing flexibility in the format and method of preservation.

• Records required to be preserved under section 74 do not need to be kept in their original form.
• Taxpayers may preserve records in any form and by any means they choose.
• Alternatively, taxpayers may preserve just the information contained in those records, again in any form and by any means.
• The Scottish Ministers have the power to make regulations prescribing conditions or exceptions to these flexible preservation methods.