# The Income Tax (Building Societies) (Dividends and Interest) (Amendment) Regulations 2001, Regulation 14: Amendments to the principal Regulations


After regulation 15 insert the following regulations—
“Inspection of records—return under regulation 12
15A Every building society required to make and deliver a return by virtue of a notice under the provisions referred to in regulation 12(1) shall, whenever required to do so within the period specified in regulation 15B(2), make available for inspection by an officer of the Board authorised for that purpose, at such time as that officer may reasonably require, all such copies of books, documents and other records in its possession or under its control as may be required by the Board under regulation 14A.
Retention of records—return under regulation 12
15B (1) A building society required to make and deliver a return by virtue of a notice under the provisions referred to in regulation 12(1) shall retain, for the period specified in paragraph (2), all such books, documents and other records copies of which it may be required to make available for inspection under regulation 15A.
(2) The period specified is the period of two years beginning immediately after the end of the year to which the notice relates.
(3) Paragraphs (1) and (2) are without prejudice to regulations 11(7) and 15(2).”.

---
Source: https://www.legislation.gov.uk/uksi/2001/404/regulation/14 (the official version)
Page: https://openlegislation.uk/income-tax-building-societies-dividends-and-interest-amendment-regulations-2001/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.