Citation and commencement

1.  These Regulations may be cited as the Revenue Traders (Accounts and Records) (Amendment) Regulations 2015 and come into force on 1st October 2015.

Amendment to the Revenue Traders (Accounts and Records) Regulations 1992

2.-(1) The Revenue Traders (Accounts and Records) Regulations 1992(2) are amended as follows.

(2) After regulation 1 (citation and commencement) insert-

"Application

1A.  Where a revenue trader is required to keep any record by or under regulations made under section 88E(2)(c) of the Alcoholic Liquor Duties Act 1979(3), no requirement to keep that record applies under these Regulations.".

EXPLANATORY NOTE

(This note is not part of the Regulations)

The Regulations amend the Revenue Traders (Accounts and Records) Regulations 1992 (S.I. 1992/3150) ("the 1992 Regulations") to provide that where a revenue trader is required to keep any record by or under regulations made under section 88E(2)(c) of the Alcoholic Liquor Duties Act 1979 (c.2) ("ALDA"), no requirement to keep that record applies under the 1992 Regulations.

Regulation 8 of the Wholesaling of Controlled Liquor Regulations 2015 (S.I. 2015/1516) (which is made under section 88E(2)(c) of ALDA) makes provision about records to be kept by revenue traders who are "approved persons" within the meaning of section 88C(6) of ALDA (as inserted by section 54(3) of the Finance Act 2015).

A Tax Information and Impact note (TIIN) covering this instrument was published on 10th December 2014 alongside draft clauses of the Finance Bill 2015 and is available on the government website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.It remains an accurate summary of the impacts that apply to this instrument.