HMRC can direct that for the six-year period specified, an individual business person must keep records relating to goods that they trade, for example, a list of the international mobile equipment identification (IMEI) numbers for mobile phones (VATA 1994, Sch. 11, para. 6A as inserted by FA 2006, s. 21(6) from 19 July 2006).
This measure supplements HMRC’s existing power to specify in a published notice record-keeping requirements for all businesses of a particular description. It enables record-keeping requirements to be imposed to try to combat fraud, but without imposing a burden on every business of a particular description.
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