# The Revenue Traders (Accounts and Records) Regulations 1992, Regulation 7: Time of recording and period of preservation of items and records (including an excise duty account)


A revenue trader required by or under these Regulations to keep a record (including an item or copy of an item governed by regulation 3 of these Regulations) or an excise duty account shall—
(a) do so at the time of or as soon as possible after—
(i) the happening of the event that is required by these Regulation to be recorded; and
(ii) in any other case, the moment when the information, that is by virtue of these Regulations to be recorded, is first known to him; and
(b) include in the record or the excise duty account sufficient information, by way of cross referencing or otherwise, to enable an officer to ascertain readily the particulars specified in Schedule 3 to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1992/3150/regulation/7 (the official version)
Page: https://openlegislation.uk/revenue-traders-accounts-and-records-regulations-1992/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.