Value Added Tax Act 1994 section 14

Availability of records [VATA 1994 Sch 9ZD para 14]

Section 14 sets out the record-keeping obligations for businesses registered under the One Stop Shop (OSS) scheme, including what records must be kept, how they must be made available, and to whom.

• Businesses registered under the OSS scheme must keep obligatory records of all transactions covered by the scheme and make them available to HMRC on request.
• All records must be provided by electronic means — paper records alone will not satisfy this requirement.
• Obligatory records must contain the specific information set out in Article 63c(1) of the Implementing Regulation, which details the data fields required for each transaction.
• This requirement applies to all transactions entered into by the registered person that fall within the scope of the OSS scheme.