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Rob.Hall

  • Posts: 1107
Tax records
« on: January 12, 2026, 10:45:19 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.😁

AuRavelling79

  • Posts: 27003
Re: Tax records
« Reply #1 on: January 12, 2026, 11:37:49 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.
It's a game of three halves!

Rob.Hall

  • Posts: 1107
Re: Tax records
« Reply #2 on: Yesterday at 10:12:13 am »
Thank you.
Its going to be taxing disposing of it though  ;D

dazmond

  • Posts: 24661
Re: Tax records
« Reply #3 on: Yesterday at 12:40:25 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.
price higher/work harder!

Scottish Cleaning Service

  • Posts: 890
Re: Tax records
« Reply #4 on: Yesterday at 12:44:28 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

dd

  • Posts: 2667

deeege

  • Posts: 5161
Re: Tax records
« Reply #6 on: Yesterday at 02:53:04 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

1, You don’t need to find creative ways or lie to customers to increase your prices.

2, I’m not surprised they said ‘is that all?’ Your prices are terrible.

"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

dazmond

  • Posts: 24661
Re: Tax records
« Reply #7 on: Yesterday at 04:52:43 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

1, You don’t need to find creative ways or lie to customers to increase your prices.

2, I’m not surprised they said ‘is that all?’ Your prices are terrible.

Prices are notoriously cheaper in Scotland.

No need to lie to customers at all. Just put them up. No need for a reason.
price higher/work harder!

AuRavelling79

  • Posts: 27003
Re: Tax records
« Reply #8 on: Yesterday at 09:14:26 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.
It's a game of three halves!

֍Winp®oClean֍

  • Posts: 1789
Re: Tax records
« Reply #9 on: Yesterday at 09:18:53 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

1, You don’t need to find creative ways or lie to customers to increase your prices.

2, I’m not surprised they said ‘is that all?’ Your prices are terrible.

Prices are notoriously cheaper in Scotland.

No need to lie to customers at all. Just put them up. No need for a reason.

Prices are not cheaper in Scotland at all Daz. Scotland is exactly the same as everywhere else- there's areas with very high wealth and areas not so much ... Just like where you live. You couldn't command your prices on a run down council estate could you? That's why you travel to certain areas. 👍
Comfortably Numb!

Bungle

  • Posts: 2574
Re: Tax records
« Reply #10 on: Yesterday at 10:00:14 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

1, You don’t need to find creative ways or lie to customers to increase your prices.

2, I’m not surprised they said ‘is that all?’ Your prices are terrible.

Prices are notoriously cheaper in Scotland.

No need to lie to customers at all. Just put them up. No need for a reason.

Prices are not cheaper in Scotland at all Daz. Scotland is exactly the same as everywhere else- there's areas with very high wealth and areas not so much ... Just like where you live. You couldn't command your prices on a run down council estate could you? That's why you travel to certain areas. 👍

👀
We look at them, they look through them.

KS Cleaning

  • Posts: 4179
Re: Tax records
« Reply #11 on: Yesterday at 10:27:15 pm »
Talking about Tax, I have came up with a novel idea to bump up some customers prices. I'm telling them I need to add a pound next month to cover tax digital. Not even bothered if they cancel because today I picked up a new customer and when I told him its a tenner a month he said is that all.

1, You don’t need to find creative ways or lie to customers to increase your prices.

2, I’m not surprised they said ‘is that all?’ Your prices are terrible.

Prices are notoriously cheaper in Scotland.

No need to lie to customers at all. Just put them up. No need for a reason.
In some areas of Scotland perhaps, but not all of Scotland……..pretty much like the rest of the UK then!