{
  "url": "https://openlegislation.uk/revenue-traders-accounts-and-records-regulations-1992/regulation-2",
  "json_url": "https://openlegislation.uk/revenue-traders-accounts-and-records-regulations-1992/regulation-2.json",
  "legislation": "uksi/1992/3150",
  "legislation_title": "The Revenue Traders (Accounts and Records) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/revenue-traders-accounts-and-records-regulations-1992",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\n“accounting period” means any period for accounting for duty allowed or prescribed by or under the customs and excise Acts;\n“adjustment” means such adjustment of the duty payable in any accounting period as is allowed or prescribed by or under the customs and excise Acts with respect to errors in accounting for the duty made in any previous accounting period;\n“duty” means any duty of excise;\n“duty payable” means duty which is due and payable by a person whether or not payment of the duty may be deferred;\n“excise duty account” is the account described in regulation 5;\n“excise duty point” (the time when the duty is payable by a person whether or not payment may be deferred) has the meaning given by section 1 of the Finance (No. 2) Act 1992;\n“excise goods” means any goods of a class or description which is subject to a duty of excise (whether or not duty is chargeable on the goods).\n(2) (a) The records, excise duty account or the copy specified in paragraph (b) below may be kept or preserved, but without prejudice to the provisions of section 118A(3) and (5) of the Customs and Excise Management Act 1979, in any form, and in particular they may be in documentary or other written form, or be in the form of anything that is commonly called or referred to as an account or a report; and the information which they contain or are to contain may be contained in or be in the form of an item described in Schedule 4 to these Regulations; and\n(b) the records and other items referred to in sub-paragraph (a) above, as being specified in this sub-paragraph, are—\n(i) the record and other information required by regulation 4 of these Regulations;\n(ii) the excise duty account required by regulation 5 of these Regulations;\n(iii) the record described in regulation 6 of these Regulations;\n(iv) the record containing the information specified in paragraph (b)\nof regulation 7 of these Regulations; and\n(v) the copy of an item required by regulation 3 of these Regulations.\n(3) Schedule 1 to these Regulations shall be interpreted in accordance with the notes contained therein (called therein “Notes of interpretation”).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1992 c. 48."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/3150/regulation/2",
    "retrieved_at": "2026-10-29T14:09:13.820481+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}