Keeping Business Records
3rd March 2000
The length of time that business and tax related records should be kept depends upon which legislation they relate to. A brief simplified summary follows: |
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| Records | Time Limits | |
| Company Statutory Registers | Indefinitely | |
| Board Meeting Minutes/Resolutions | Indefinitely | |
| General Meeting Minutes/Resolutions | Indefinitely | |
| Details of Past Shareholders | 20 Years | |
| Sealed Contracts | 12 Years | |
| Corporation Tax Records | 6 Years | |
| Value Added Tax Records | 6 Years | |
| Income Tax Records | 6 Years | |
| Contract Law, generally | 6 Years | |
| Public Company Accounting Records | 6 Years | |
| Private Company Accounting Records | 3 Years | |
| Pay As You Earn Records | 3 Years | |
| Sub-contractor Tax Certificates | 3 Years | |
| Wages Tax Credits | 3 Years | |
| National Minimum Wage Records | 3 Years | |
| Student Loan Repayment Records (through Payroll) | 3 Years | |
| Employer’s Liability Insurance Certificates | Period of Cover | |
Detailed Retentions:
