22AAC Keeping of returns where information transmitted electronically

(1)

Where information contained in a taxpayer’s return has been transmitted by electronic means in the prescribed electronic format in accordance with section 36, the taxpayer shall retain or cause to be retained—

(a)

the return in the form of—

(i)

a signed hard-copy transcript of the information transmitted:

(ii)

an electronic form meeting the requirements of section 229 of the Contract and Commercial Law Act 2017; and

(b)

for a period of—

(i)

7 years after the end of the income year to which the return relates; or

(ii)

a greater period that the Commissioner requires under section 22 for other records of the taxpayer, if the Commissioner gives the taxpayer notice of a further retention period under section 22(5).

(2)

This section does not require the retention of—

(a)

a return for which the Commissioner has given notice that retention is not required; or

(b)

a return of a company that has been liquidated; or

(c)

employment income information that has been provided to the Commissioner.

Compare: 1976 No 65 s 428A; 1994 No 76 s 74

Section 22AAC (former section 23): renumbered, on 1 April 2019, by section 17 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).

Section 22AAC(1): replaced, on 2 November 2012, by section 172 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).

Section 22AAC(1)(a)(ii): amended, on 1 September 2017, by section 347 of the Contract and Commercial Law Act 2017 (2017 No 5).

Section 22AAC(2): replaced, on 1 April 2019, by section 274 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).