A contractor mate of mine says you only need to keep full records for 3 years - this seems a bit low to me. Can anyone advise?
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"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas Jefferson -
I've always worked on 6 years for personal and company records, but I haven't checked lately, they may have reduced the requirement.Blog? What blog...?
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"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Well there you go. Thanks.Blog? What blog...?Comment
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In terms of IR investigations it's 6 years. But if they discover fraud they can then go back 20 years. If you don't have those records it may be difficult to counter any allegations that are made.Originally posted by RuprectComment
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Thanks All. ASB - Moscow's link above seems to contradict what you've said; were you referring to something else?
Cheers,
Rup."Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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No I was referring to the context of an IR investigation. See here:
http://www.hmrc.gov.uk/pdfs/sabk4.htm#a2
Moscows link defines a 3 year period - but for a different purpose.Comment
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Originally posted by Ruprect
Until you have your first fire or flood."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Ah OK. Thanks. Will go with the 6 year period then.Originally posted by ASB"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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