Train tickets, uber rides etc all provide with eletronic documentation. Is this acceptable for tax purposes?
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Are electronic receipts acceptable?
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Some (many?) years back you needed a dispensation from HMRC to store reciepts in a digital format rather than retaining the paper copies (I ran a project where we were automating documents received in the post room and scanning them into Oracle for storage and needed to negotiate the dispensation).
These days as long as the receipts are in a legible format then it's largely irrelevant whether it's paper or digital. I take a photo of mine, attach them to the transaction in Freeagent, then discard / destroy the paper. Means that I can get the expense into the accounts quickly too.I'm not fat, I'm just fluffy.Comment
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Since many receipts fade after six months it may be the only way to record and store them."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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As long as it is in a readable format and you copy both side (if there's relevant information on t'other side). If you're using an online cloud based accounting system, you should have the option to link and store them alongside the actual transaction.Comment
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Just make sure they have the right information on it (registered company number and VAT registration on it).Comment
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Originally posted by DeludedKitten View PostSome (many?) years back you needed a dispensation from HMRC to store reciepts in a digital format rather than retaining the paper copies (I ran a project where we were automating documents received in the post room and scanning them into Oracle for storage and needed to negotiate the dispensation).
These days as long as the receipts are in a legible format then it's largely irrelevant whether it's paper or digital. I take a photo of mine, attach them to the transaction in Freeagent, then discard / destroy the paper. Means that I can get the expense into the accounts quickly too.
WLBComment
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