The Act Part 6 – Tax Returns, Enquiries and Assessments Penalties for failing to keep and preserve records Section 76 – Penalty for failure to keep and preserve records
113.This section provides for a penalty of a maximum of £3,000 for a failure to comply with section 74 (duty to keep and preserve records), with the exception that no penalty is incurred if Revenue Scotland is satisfied that the required facts which would have been demonstrated by the records are provided to Revenue Scotland by other documentary evidence.