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.