Record-keeping obligations and legislation
A chargeable person may make a supply that relates to the transfer of ownership of a concrete product by sale or agreement. If so, the chargeable person must issue a document to the person to whom the supply is made, detailing:
- the amount of levy applied to the concrete product(s)
- the supply date of the liable concrete product(s)
- the name of the chargeable person.
Where a supply relates to the assignment, or use, of a concrete product, the chargeable person must keep a record of:
- the amount of levy applied to the concrete product
- the supply date of the concrete product.
Records are required to be retained for six years from the end of the accounting period.
A non-exhaustive list of records to be retained includes:
- supply documents such as invoices, delivery and purchase records
- specific concrete product information to enable identification of products
- the Open Market Value (OMV) of concrete products
- the calculation of levies for an accounting period
- the documentation supplied to purchasers.