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:

Records      Time Limits 
Company Statutory Registers Indefinitely
Company Board and General Meeting Minutes At least 10 years
Employer’s Liability Insurance Certificates 40 Years
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
 

Detailed Retentions:

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