Keeping evidence to support your tax return

You have an obligation to keep appropriate records to support the information in your tax return.

We store this information for you.

If HMRC reviews your tax return, it may ask to see the records to check that you completed it correctly. If you do not have sufficient evidence, then you may face penalties.

THERE ARE NO SET RULES ON HOW TO KEEP YOUR RECORDS, WHETHER ON PAPER, DIGITALLY OR IN SOFTWARE .

YOUR TAX CIRCUMSTANCES DETERMINE HOW LONG YOU NEED TO KEEP YOUR RECORDS FOR:

There may be circumstances, however, where HMRC has powers to request documentation and assess tax at a much later date, in some circumstances up to 20 years from the end of the year of assessment. You should therefore consider whether or not you wish to keep these records for a longer period. If you are considering destroying any document and are in any doubt about doing so, you should take professional advice beforehand.

IF YOU DECIDE TO CLOSE YOUR ACCOUNT, WE WILL HOLD YOUR DATA FOR 30 DAYS TO GIVE YOU PLENTY OF TIME TO EXPORT THE DATA.

For more information please see our full terms and conditions