HMEXSH2270 - General structure and nature of the Export Shops warehousing regime: Record keeping requirements
Export Shop warehousekeepers are Revenue Traders as defined by CEMA.
As such, primary law in CEMA provides a legal requirement for them:
- to keep records (Section 118A); and
- and others to furnish information and produce documents (Section 118B).
CEMA also provides the legal vires for the Revenue Traders (Accounts and Records)Regulations 1992.
»Ê¹ÚÌåÓýappse regulations provide details of the records that must be kept and requirements thatmust be met including:
- invoices, accounts, any business record;
- particulars to go in an excise duty account; and
- particulars relating to excise duty points and the calculation of excise duty due.
For further details refer to .