The updated requirements differ from the previous requirements (see Tax Briefing 46, December 2001) in two respects:
- It is now no longer a requirement to retain the paper originals of any third party record where an electronic copy of the original record is generated, recorded and stored in accordance with the information technology and procedural requirements as published.
- Addition of a requirement that all electronic copies of records must be accessible to a Revenue official in paper or electronic form, the method and format of delivery to be specified by the Revenue official at the time the records are being requested.
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