Self Assessment Q&A on 26th January
I know that records must be kept for tax purposes, what’s the lowest amount , the monetary figure that can be disregarded, don’t want piles of them everywhere, if I take photos , can they be destroyed - the paper ones
HMRC ADMIN 81
Joined: 22/12/2017 12:31:37
Unfortunately you would need to keep all records for at least 5 years after the 31 January submission deadline of the relevant tax year.