Taxes Consolidation Act 1997 section 531AAN

Obligation to keep certain records

Section 531AAN sets out the record-keeping obligations of chargeable persons and specified persons for the purposes of the defective concrete products levy.

• Chargeable persons and specified persons must retain records and linking documents sufficient to enable a full and true return, claim or declaration to be made for levy purposes.
• Records must include invoices, delivery and purchase records, concrete product identification details, open market value documentation, levy calculations, and any relevant declarations or certificates.
• Records must be kept in written form in an official language of the State or in electronic format, and must be retained for six years from the end of the accounting period in which the return was delivered.
• A penalty of €3,000 applies for failure to comply with the record-keeping requirements.