29.—(1) A person by whom animal health levy is payable shall, in accordance with the instructions (if any) given by the Minister, keep full and true records of all transactions which affect his or her liability to pay animal health levy.

(2) A person who keeps a record for the purposes of subsection (1) shall retain the record for a period of 3 years from the date of the latest transaction to which the record relates.

(3) Subsection (2) does not apply—

(a) where the Minister notifies a person who keeps a record for the purposes of subsection (1) that retention of records is not required, or

(b) to the books and papers of a company which have been disposed of in accordance with section 305(1) of the Companies Act 1963.

(4) A person who fails to comply with this section commits an offence.