143Penalty for failure to keep and preserve recordsE+W
(1)A person who fails to comply with section 38 [F1, 38A] or 69 is liable to a penalty not exceeding £3,000.
(2)But no penalty is incurred if WRA is satisfied that any facts that it reasonably requires to be proved, and which would have been proved by the records, are proved by other documentary evidence provided to it.
Textual Amendments
F1Word in s. 143(1) inserted (1.4.2018) by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 53; S.I. 2018/34, art. 3
Modifications etc. (not altering text)
C1Ss. 143-145 applied (1.4.2018) by The Tax Collection and Management (Reimbursement Arrangements) (Wales) Regulations 2018 (S.I. 2018/88), regs. 1(2), 8(1)
Commencement Information
I1S. 143 in force at 1.4.2018 by S.I. 2018/33, art. 3