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Previously on "Legal Requirement to Hold Payslips.."

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  • Little'Old Me
    replied
    Originally posted by Earlyflash1 View Post
    Hi all,

    I'm just wondering if anyone knows how long the requirement to hold payslips is as an employer?

    I.e. do I have to keep them for 7, 8, 11, 15 years, etc.

    Cheers,
    Payslips???? There no legal requirement for a employer to keep payslips. You need to keep details and breakdown of the pay and payments made

    The rules are changing - to bring VAT (was 3 years) in line with tax etc (6 years). I'm sure someone else will confirm if I got the year right, but its something like records to do with the old rules before from 05 April 2009 - 6 plus current year, and records to do with after 06 April 2009 - it is 4 years plus current... (I attended a talk by HMRC in March, but they weren't 100% themselves of the transitional changes ....)

    The HMRC don't keep the records either. I know the MOD don't keep any pay records more than 2 years! They both expect the employee to keep them, as at the end of the day, its their responsibility.

    The HMRC don't like hard copies any more - they prefer records produced on disc - downloaded from the payroll software.
    Last edited by Little'Old Me; 20 May 2009, 12:35.

    Leave a comment:


  • Sockpuppet
    replied
    7 years afaik. You can hold PDFs if you wish.

    Leave a comment:


  • Beefy198
    replied
    As an employer? I would say hold on to them as long as you can. But maybe there is a legal answer to be had

    Leave a comment:


  • Earlyflash1
    started a topic Legal Requirement to Hold Payslips..

    Legal Requirement to Hold Payslips..

    Hi all,

    I'm just wondering if anyone knows how long the requirement to hold payslips is as an employer?

    I.e. do I have to keep them for 7, 8, 11, 15 years, etc.

    Cheers,
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