VATF35530 | What to consider prior to determining whether to use an intervention: making and issuing a Notice of Direction: failure to comply with the direction: failure to preserve the directed records

Under section 69B(3), the penalty is £500 for a failure to preserve records that the Commissioners have directed to be kept (i.e. in cases where it can be shown that the records existed, but where the taxable person failed to retain them for the required period).

When issuing a section 69B(3) letter (This content has been withheld because of exemptions in the Freedom of Information Act 2000) should be used.