# Finance Act 1998, Paragraph 22

Extent: E+W+S+N.I.

(1) The duty under paragraph 21 to preserve records may be discharged—
(a) by preserving them in any form and by any means, or
(b) by preserving the information contained in them in any form and by any means,
subject to sub-paragraph (3) and any conditions or exceptions specified in writing by the Commissioners for Her Majesty's Revenue and Customs.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Sub-paragraph (1)(b) does not apply in the case of the following kinds of records—
(a) any statement in writing such as is mentioned in—
(i) section 1100(1) of the Corporation Tax Act 2010 (amount of distribution, but formerly amount of qualifying distribution and tax credit), or
(ii) section 495(1) or 975(2) or (4) of the Income Tax Act 2007 (statements about deduction of income tax),
provided by the company or person there mentioned whether after the making of a request or otherwise;
(b) any record (however described) which is required by regulations under section 70(1)(c) of the Finance Act 2004 to be given to a sub-contractor (within the meaning of section 58 of that Act) on the making of a payment to which section 61 of that Act (deductions on account of tax) applies;
(c) any record relating to an amount of tax—
(i) paid under the law of a territory outside the United Kingdom, or
(ii) which would have been payable under the law of a territory outside the United Kingdom (“territory F”) but for a development relief.
(4) In sub-paragraph (3)(c) “development relief” means a relief—
(a) given under the law of territory F with a view to promoting industrial, commercial, scientific, educational or other development in a territory outside the United Kingdom, and
(b) about which provision is made in arrangements which have effect under section 2(1) of TIOPA 2010 (double taxation relief by agreement with territories outside the United Kingdom).

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Source: https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/22 (the official version)
Page: https://openlegislation.uk/finance-act-1998/schedule-18/paragraph-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.