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Information or a document forms part of a person's statutory records if it is information or a document which the person is required to keep and preserve by either the Taxes Acts or by any other legislation relating to the taxes covered by compliance checks (see A6.602). Information and documents cease to be a person's statutory records when the period for which they must be preserved has expired.

Business records that have to be kept for tax purposes become statutory records when they are created. This means that current, in-year records can be inspected where inspection is justified.

Any other records that must be kept for tax purposes only become statutory records after the end of the chargeable period to which they relate. This means that HMRC does not have the right to inspect these records in-year, because they do not fall within the definition of business documents (see A6.630), although it may be able to require production of them using a written information notice. See A6.610.