HCOTEG142500 - Traders accounts, records and returns: Producers
Operation accounts
A producer must comply with the directions of Excise Notice 179 Part 13, as they apply to oil received for processing, used in operations as feedstock or fuel, and produced or delivered from those operations.
If the plant in which the operations are conducted is covered by a warehouse approval, the directions applicable to warehouse records and accounts apply.
Use of non-warehouse vessels and plant
If a producer makes use of non-warehoused storage or processing vessels or plant, the directions in this section apply to the extent and method of record-keeping.
Maintenance and production of records
Records must be maintained and produced in accordance with the requirements set out in Part 13 of this notice. See HCOTEG132500 in the section on ‘Central Accounting Points’ of this guidance.
Retention of Records
Records required by this notice must be kept and preserved for 6 years. Further information can be found in Excise Notice 206: revenue traders' records.