Well it’s the start of another tax year and talking about tax if your company or organisation is liable for Corporation Tax, you must keep and retain adequate business and accounting records. You must normally retain these records for at least 6 years from the end of your Corporation Tax accounting period – that’s a long time.
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Remember every company, whether or not they are trading must keep accounting records. An example of the business records that you may find useful to keep includes the following:
[Source: HMRC website and Companies House - Companies Act 2006 - Accounts and Accounting Reference Dates, GBA 3, June 2009, Version 7]
