Section 145F — Value Added Tax Regulations 1995: The fiscal warehousing record and stock control

The fiscal warehousing record and stock control 145F 1 In addition to the records referred to in regulation 31, a fiscal warehousekeeper shall maintain a fiscal warehousing record for any fiscal warehouse in respect of which he is the relevant fiscal warehousekeeper.

2 The fiscal warehousing record may be maintained in any manner acceptable to the Commissioners. In particular, it shall be capable of—

a ready use by any proper officer in the course of his duties;

and b reproduction into a form suitable for any proper officer to readily use at a place other than the relevant fiscal warehouse.

3 Subject to paragraph (4) below, the fiscal warehousing record shall have the features and shall comply with the requirements set out in Schedule 1A to these Regulations.

4 In respect of any goods the relevant fiscal warehousing record shall not be required to record events more than six years following—

a the transfer or removal of those goods from the relevant fiscal warehousing regime; or, b the exit of those goods from the relevant fiscal warehouse (in the case of goods which were not allocated to the relevant fiscal warehousing regime).

5 A fiscal warehousekeeper, upon receiving a request to do so from any proper officer, shall—

a produce his fiscal warehousing record to that officer and permit him to inspect or take copies of it or of any part of it (as that officer shall require); or, b facilitate and permit that officer to inspect any goods which are stored or deposited in his fiscal warehouse (whether or not those goods are allocated to the relevant fiscal warehousing regime).