Tax Collection and Management (Wales) Act 2016 section 69

Duty to keep and preserve records

Section 69 sets out the obligation on anyone making a claim for relief from double assessment, overpaid tax, or tax arising from regulations ceasing to have effect to keep and preserve the records needed to support that claim.

• Anyone making a relief claim must have kept records sufficient to make a correct and complete claim, and must preserve those records for the required period.
• Records must generally be preserved until 12 months after the claim was made, but this extends if WRA opens an enquiry into the claim or its amendment, or until WRA's power to open such an enquiry expires.
• The Welsh Ministers may make regulations specifying additional types of records or supporting documents that must be kept, or excluding certain records from the requirement.
• Supporting documents include accounts, books, deeds, contracts, vouchers, and receipts, and regulations may refer to requirements set out in notices published by WRA.

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