VATF35324 | What to consider prior to determining whether to use an intervention: making and issuing a Notice of Direction: applying the measure: the Notice of Direction (NoD): how should the records be kept?

Although preferable, it is not a requirement that the records be maintained in an electronic format such as an Excel spreadsheet. However, where the record is kept in such a format HMRC may request access and be provided with the information in the same electronic format (see CH20000 of the Compliance Handbook).

Records provided in an electronic format should be saved into the taxable person's electronic folder.