Finance Act, 1982

Amendment of section 16 (duty to keep records) of Principal Act.

85.—Section 16 of the Principal Act is hereby amended:

(a) in subsection (2), by the insertion after “such business” of “and, in respect of goods imported by him, copies, stamped on behalf of the Revenue Commissioners, of the relevant customs entries”, and

(b) in subsection (3)—

(i) by the deletion of “and invoices”,

(ii) by the insertion after “any books” of “invoices, copies, stamped on behalf of the Revenue Commissioners, of customs entries”, and

(iii) by the insertion after “the supply of goods or services” of “, or the importation of goods,”,

and the said subsections (other than the proviso to subsection (3)), as so amended, are set out in the Table to this section.

TABLE

(2) Every person, other than a taxable person, who supplied goods or services in the course or furtherance of any business shall keep all invoices issued to him in connection with the supply of goods or services to him for the purpose of such business and, in respect of goods imported by him, copies, stamped on behalf of the Revenue Commissioners, of the relevant customs entries.

(3) Records kept by a person pursuant to this section and any books, invoices, copies, stamped on behalf of the Revenue Commissioners, of customs entries, credit notes, debit notes, receipts, accounts, vouchers, bank statements or other documents whatsoever which relate to the supply of goods or services, or the importation of goods, by the person and are in the power, possession or procurement of the person, and in the case of any such book, invoice, credit note, debit note, receipt, account, voucher or other document which has been issued by the person to another person, any copy thereof which is in the power, possession or procurement of the person shall be retained in his power, possession or procurement for a period of six years from the date of the latest transaction to which the records or invoices or any of the other documents relate: