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Volume 44, No. 25

B.C. Reg. 308/2001

The British Columbia Gazette,

Part II

December 31, 2001

B.C. Reg. 308/2001, deposited December 17, 2001, pursuant to the TOBACCO TAX ACT [Section 44]. Order in Council 1100/2001, approved and ordered December 14, 2001.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that

section 11 of the Tobacco Tax Act Regulations, B.C. Reg 83/71, is repealed and the following substituted:

Dealer records

(1) A dealer must keep, at the dealer's principal place of business, records and books of account in a form and containing information that will allow for the accurate determination of the tax collectable under the Act.

(2) A dealer must retain a record and book of account referred to in this

section and all accounts or vouchers necessary to verify the information in the record or book of account for a period of 7 years.

(3) If a dealer makes a written application to the director for permission to destroy a record, book of account, account or voucher, the director may authorize the requested destruction prior to the expiry of the period described in subsection (2).

(4) Despite any other provision of this section, if a record, book of account, account or voucher might be necessary for the purposes of an appeal under

section 23 or 24 of the Act, a dealer must retain the record, book of account, account or voucher after the expiry of the period described in subsection (2) and until all appeals under

section 23 or 24 of the Act have been exhausted. — B. BARISOFF, Minister of Provincial Revenue; G. CAMPBELL, Presiding Member of the Executive Council.

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