July 16

My accounts are filed, do I really need to keep my records?

My accounts are filed, do I really need to keep my records?

In short, yes! Why? HMRC are able to carry out their investigation’s years after your submissions. If they are to investigate the amount owed, they will need your records! You can receive a fine for failure to comply with keeping your records for the required amount of time, so it is important you get this.