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 all of the following:
- The amount of levy applied to the concrete products.
- The supply date of the liable concrete products.
- 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
- and
- 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 all of the following:
- 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.
- The declarations made by precast concrete product manufacturers to ready to pour concrete suppliers.