CH13300 - Record Keeping: How
records may be preserved: Original documents that must be kept
There are certain documents that must be retained in their
original form, see
CH13100. These are as follows.
- Where a person receives a qualifying
distribution from a company and is entitled to a tax credit, they
must retain any written statement showing
- the amount or value of the qualifying
distribution, and
- the amount of the tax credit in respect of the
distribution.
- Where a person receives a payment and an
amount representing income tax has been deducted from it, they must
retain any written statement showing
- the gross amount of the payment
- the sum deducted from it, and
- the actual amount paid.
- Where a person receives a payment under a
construction contract, they must retain any written statement
showing
- the gross amount of the payment
- the sum deducted from it, and
- the actual amount paid.
- A person must retain any record that is
required to make a correct and complete claim in respect of or
relating to an amount of tax
- which has been paid under the laws of a territory
outside the UK, or
- which would have been so payable but for a relief
promoting development in the overseas territory and which is
provided for in the double taxation agreement with the
territory.
TMA70/S12B (4)
TMA70/SCH1A/PARA3
FA98/SCH18/PARA22
