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Closing bank account - tax accountability
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Peter.Siffredi
Posts: 18 Forumite
in Cutting tax
Hi,
I was using a business bank account last year for receiving payments from clients for a side business I'm running.
I've recently started a new main job and want to close the side business. What are the implications of closing the business bank account?
My main concern is if I close the account and 2 years HMRC want proof of my banking transactions then I won't be able to provide the information - please advise.
Thanks
P
I was using a business bank account last year for receiving payments from clients for a side business I'm running.
I've recently started a new main job and want to close the side business. What are the implications of closing the business bank account?
My main concern is if I close the account and 2 years HMRC want proof of my banking transactions then I won't be able to provide the information - please advise.
Thanks
P
0
Comments
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Keep the statements.0
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Just keep the statements (plus possibly your regular reconciliation paperwork)?0
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