Expense claim Reciepts

MarkSellwork

Hello Friends,
while cleaning the house, I mistakenly disposed off a few receipts that I had used for expense claims in my tax returns. I think I have other means of proving most of these expenses (including corresponding bank transactions) but some were cash transactions.. I think I can provide alternative trace of majority transactions but for the cash transactions (they are not many) I want peace of mind and wont mind if I have to pay some more tax if I need to, just to get that peace of mind. Please advice what I should do...

<Not relevant anymore... I located the reciepts... had kept them in a different place ..thought I had thrown them away... sorry I was a bit freaked>

PlutoinCapricorn

Receipts are needed in case HMRC ever decide to enquire into an aspect of your figures, or worse yet launch a full investigation. They are also useful for your own records. I scan mine and shred them after 6 years, just to be safe.

If HMRC did ask for evidence of expenses and you couldn't find some receipts, they might accept your word for it provided that the amounts were reasonable and fit your normal spending patterns and that you kept good records.