Section 128B Power of inspection

Summary

This section enables an authorised officer, at a reasonable time, to enter any premises or place of business for the purposes of auditing a return and to require the production of records for inspection.

Details

(1) The definitions are self-explanatory.

An authorised officer may

• (2) at all reasonable times enter a premises or place of business for the purposes of auditing a stamp duty return.
• (3) require the accountable person, or the person who retains the records, to produce the records and to furnish information, explanations and particulars and to give assistance for the purposes of the audit.
• (4) take extracts from or copies of records made available during the audit

(5) An authorised officer must show proof of authorisation under this section on request.

(6) & (7) Penalties apply for failure to comply with the requirements of an authorised officer.

Relevant Date: Finance Act 2014