30. Investment gold — records of transactions

(1) In this Regulation “intermediary services” means services supplied by an intermediary.

(2) Every person who trades in investment gold is required to keep full and true records entered up to date of—

(a) in relation to supplies of investment gold, the name of each person to whom the investment gold is supplied, the amount receivable from each such person in respect of such supplies and a cross-reference to the relevant invoices or documents which issued in respect of such supplies,

(b) in relation to purchases of investment gold, the name of each person from whom the investment gold is purchased, the purchase price of the investment gold and a cross-reference to the relevant invoices or documents which were received in respect of such purchases,

(c) in relation to importations of investment gold, the value of the investment gold determined in accordance with section 53(1) of the Act in respect of each importation, the purchase price of the investment gold imported and a cross-reference to the invoices and customs documents used in connection with such importations,

(d) in relation to intra-Community acquisitions of investment gold, the name of the person from whom the investment gold is acquired, the purchase price of the investment gold and a cross-reference to the relevant invoices which were received in respect of such acquisitions,

(e) in relation to the supply of intermediary services, the name of each person to whom the service is supplied, the amount receivable in respect of the supply and a cross-reference to the relevant invoices or documents which issued in respect of the supply of such services,

(f) in relation to intermediary services received, the name of the intermediaries, the amount payable in respect of the supply of the services and a cross-reference to the relevant invoices or documents which were received in respect of such services,

(g) in relation to discounts allowed or price reductions made to a person subsequent to the issue of an invoice or other document to such person, the amount credited to such person and, except in a case to which section 67(5) of the Act applies, a cross-reference to the corresponding credit note,

(h) in relation to discounts or price reductions received from accountable persons subsequent to the receipt of invoices from such persons, except in a case to which section 67(5) of the Act applies, the amount of the discount or price reduction and corresponding tax received from each such person and a cross-reference to the corresponding credit note,

(i) in relation to discounts or price reductions received from persons who are not accountable persons, the amount of the discount or price reduction and a cross-reference to the document which was received in respect of such discount or price reduction, and

(j) in relation to bad debts written off, particulars of the name and address of the debtor, a description of the supply of investment gold to which the debt relates, the date or dates upon which the debt was incurred and the date or dates on which the debt was written off.

(3) Regulation 27(1) does not apply in relation to transactions in investment gold.