Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: simon w on September 27, 2017, 07:41:03 am

Title: How long?...................................................
Post by: simon w on September 27, 2017, 07:41:03 am: Do you keep your business records for. Receipts, bank statements etc etc ect?

I know HMRC say five years from the start of a tax year but do all sole traders and employers on here do this?

I've saved everything since 2004 all boxed up and in order but obviously taking up some room so will be sorting out everything pre five years shredding and disposing of over the coming weeks.

Obviously keeping accounting books from the start of business for future reference and to help with a sale if I ever wanted to sell up.
Title: Re: How long?...................................................
Post by: matthewprice on September 27, 2017, 07:43:37 am: HMRC wants 7 years records to be kept
Title: Re: How long?...................................................
Post by: simon w on September 27, 2017, 07:54:08 am: Quote from: matthewprice on September 27, 2017, 07:43:37 am
HMRC wants 7 years records to be kept

Thanks for your input Matt. I always thought it was 6 years, just had a look on HMRC website and their saying 5 years?? your saying 7 years. So now very confused.com ??? ???

Whats others thoughts on this?
Title: Re: How long?...................................................
Post by: Paul Wisdom on September 27, 2017, 07:55:54 am: If the HMRC website says 5. I reckon 5 it is ;D
Title: Re: How long?...................................................
Post by: simon w on September 27, 2017, 08:01:36 am: Quote from: Paul Wisdom on September 27, 2017, 07:55:54 am
If the HMRC website says 5. I reckon 5 it is ;D
OP now edited to 5 years 8)
Title: Re: How long?...................................................
Post by: Soupy on September 27, 2017, 09:56:59 am: It's 6 years.

5 years history + this year.