How long do I have to keep records?

Options
Seaxwyn
Seaxwyn Posts: 4,896 Forumite
in Cutting tax
Hi there. I have been self-employed since 1996 and have been meticulous about keeping records. I'm tidying up my office and would like to get rid of some of the files of old receipts, diaries etc etc. How long am I obliged to keep them?
Total debt: 1 January 2007 £[strike]49,387.79[/strike] 1 January 2012 £[STRIKE]19,312.85[/STRIKE] 1 August 2012 £11,517.62



Comments

  • PlutoinCapricorn
    PlutoinCapricorn Posts: 4,598 Forumite
    First Anniversary Combo Breaker
    Options
    The standard answer is 6 years. What I do is have 6 files with the paperwork for each tax year, then on April 6th I scan and shred the oldest. The scanning is just for peace of mind. I prefer the paperless office, and scanning is a wonderful solution.
    Who having known the diamond will concern himself with glass?

    Rudyard Kipling


This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.6K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.8K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards