SCHEDULES
SCHEDULE 23Individual insolvency: minor and consequential amendments
13
At the end of section 355 (concealment and falsification of records) add—
4
In their application to a trading record subsections (2)(d) and (3)(b) shall have effect as if the reference to 12 months were a reference to two years.
5
In subsection (4) “trading record” means a book, document or record which shows or explains the transactions or financial position of a person’s business, including—
a
a periodic record of cash paid and received,
b
a statement of periodic stock-taking, and
c
except in the case of goods sold by way of retail trade, a record of goods sold and purchased which identifies the buyer and seller or enables them to be identified.