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Window Cleaning Forum / Re: Tax records
« Last post by AuRavelling79 on Yesterday at 09:33:51 pm »Just gone in the loft to do a sort out.
Pulled a few boxes down with s/e tax return records going back to 2007 😳.
How long do you keep them.
From what I can gather its 5 yrs from date submitted
Is this right?
I hope so as I want to bin a few early years.😁
Yep. 5 years.
I'm pretty sure it's 7 years not 5 years....
I have at least 20 years of tax records. HMRC can go back this far if they decide to audit you.
Personally I think its foolish to get rid of any tax records.
Absolutely no need to do this. The government website says 5 years. So 5 years it is.
Good luck if you get an audit then. They can go back 20 years if they want to thoroughly investigate you.
You're talking bollox Daz!

They can do whatever they want but they can't punish you for not having records prior to the 5 year point.

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